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Samsung Galaxy S10 depreciated by 50% in 30 days, says a report

Bad news for Galaxy owners: A site for selling used phones says the S10+ has dropped in value.

discount-galaxy-s10

The Samsung Galaxy S10 is already worth a lot less than what you paid for it.

Angela Lang/CNET

Looking to trade in your Samsung Galaxy S10? Bad news: It's now worth half what you paid for it, according to a report by BankMyCell, a site that lets you sell your used phone.

The Galaxy S10e lost an average of 50.2% across all storage options in 30 days, the S10+ lost 47% and the S10 lost 42.7% in value, says BankMyCell.

This makes the phone "one of the fastest depreciating handsets since 2017," the report said.

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Apple's iPhone XR and XS range fared much better in the report, losing around 42% of value since release.

"On a depreciation percentage basis, the Galaxy S10 range lost more in the first month [than] the iPhone XS/XR range has in 9 months," BankMyCell said.

Hardest hit was the S10e 128GB model, which fell from $750 new to just $350 in trade-in value after 30 days. The Galaxy S10+ 1TB phone went from being worth $1,600 to only $750 at trade in.

The report predicts the S10 will lose 65% of its value by March 2020.

galaxy-s10-depreciation
BankMyCell

Samsung didn't immediately respond to a request for comment.