Samsung’s latest Galaxy S23 lineup faced a notable depreciation in the US secondary market just eight weeks after it hit stores. A new report from an analytics firm outlines how much value these devices shed once they leave the retail shelf. (SellCell, 2024)
Looking at the base configurations, the 256 GB model showed the sharpest decline. The Galaxy S23 with its top configuration lists new at $860 in the United States, yet on the used market it averages a 44.1% decrease in price. The 512 GB Galaxy S23 Plus also fell, though to a slightly lesser degree at 41.6%. The most pronounced drop occurred with the Galaxy S23 Ultra, the 1 TB top variant, which saw prices slide by about 52.7% in the secondary market. (SellCell, 2024)
For context, the same report tracks the price dynamics of rival models. The iPhone 14 family shows a softer decline overall, with an average price drop of 32.3% in the first two months after launch. Within the iPhone 14 line, the 512 GB base model maintained a strong presence with a substantial price advantage when compared to higher-capacity options, while the iPhone 14 Pro Max with 128 GB recorded a lower drop around 13.6%. (SellCell, 2024)
In the Android segment, the Google Pixel 7 exhibited an average price drop of 45.9% over the same period. The 512 GB Pixel 7 Pro experienced the steepest decline at 50.3%, whereas the 128 GB Pixel 7 Pro model ended up with the smallest decrease at 39.4%. These figures illustrate how storage capacity and model tier influence resale value across major brands. (SellCell, 2024)
The Galaxy S23 marks Samsung’s ongoing flagship line, which first became available in the market on February 17, 2023, as the company expanded its premium smartphone portfolio. (SellCell, 2024)
Additionally, there has been chatter about the Samsung Galaxy S24 series, with some early leaks suggesting notable specifications and feature revelations. This information has circulated online, contributing to ongoing consumer interest as new rumors emerge. (Industry reports, 2024)