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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.

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Corinne Reichert Senior Editor
Corinne Reichert (she/her) grew up in Sydney, Australia and moved to California in 2019. She holds degrees in law and communications, and currently writes news, analysis and features for CNET across the topics of electric vehicles, broadband networks, mobile devices, big tech, artificial intelligence, home technology and entertainment. In her spare time, she watches soccer games and F1 races, and goes to Disneyland as often as possible.
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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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Watch this: Which Galaxy S10 phone should you buy?

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.

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BankMyCell

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