20 months ago, I paid a lot of money for my Android phone when I signed on for a three year contract. Just a couple of weeks ago, my wife replaced her phone and got an Android phone for free with her contract. Her phone is lighter, faster and slicker than mine and has significantly longer battery life.
That in itself can explain the depreciation rate: new Android phones are so much better and cheaper than old Android phones that the old ones can't compete except at a very low price point.
That in itself can explain the depreciation rate: new Android phones are so much better and cheaper than old Android phones that the old ones can't compete except at a very low price point.