Android smartphones such as Samsung, Motorola, LG and Google devices depreciate at double the rate of Apple’s iPhones, according to a report by New York gadget reseller BankMyCell.
An iPhone being traded in a year after purchase has an expected average depreciation rate of 16.70 per cent, compared with 33.62 per cent for Android handsets.
"In two years, the current average depreciation of a new iPhone is 35.47 per cent, compared with Android's 61.50 per cent," the report said.
“After four years, the gap begins to close, with iPhones losing 66.43 per cent, compared with Android’s 81.11 per cent.”
A trade-in is a buy-back arrangement in which an old device is taken as part payment for the new device.
BankMyCell tracked the resale values of the world’s 310 most popular phones last year.
According to Google, there are more than 2.5 billion active Android devices, with the platform supporting both premium and cheap devices.
Apple said in January 2020 that it had 1.5 billion active devices, a jump from 1.4 billion devices in 2019.
Many consumers rely on trade-ins to offset the ever-increasing prices of new smartphones, said Ash Turner, chief executive and founder of BankMyCell.
“In 2010, the price of a flagship device such as the iPhone 4 was around $599,” he said.
“By comparison, today the latest top of the range iPhone 12 Pro Max will cost you $1,399 ... and some phones such as the Galaxy Fold retailed for $1,999.”
The iPhone 11 Pro Max, a premium gadget, lost 15.96 per cent of its value last year, compared with the Galaxy S20 Ultra that depreciated by 34.73 per cent since it was unveiled in February last year.
Depreciation occurs more quickly for cheaper gadgets.
Samsung, Motorola, LG, HTC and Google devices that cost $350 or less lose an average of 52.61 per cent in a year and 94.9 per cent over four years, the report found.
The iPhone SE, a cheaper device unveiled by Apple in April last year, lost 38.32 per cent of its original trade-in value of $340 in the eight months after its release.
The best-selling smartphones of 2020
COMPANY PROFILE
Name: Rain Management
Year started: 2017
Based: Bahrain
Employees: 100-120
Amount raised: $2.5m from BitMex Ventures and Blockwater. Another $6m raised from MEVP, Coinbase, Vision Ventures, CMT, Jimco and DIFC Fintech Fund
Dr Amal Khalid Alias revealed a recent case of a woman with daughters, who specifically wanted a boy.
A semen analysis of the father showed abnormal sperm so the couple required IVF.
Out of 21 eggs collected, six were unused leaving 15 suitable for IVF.
A specific procedure was used, called intracytoplasmic sperm injection where a single sperm cell is inserted into the egg.
On day three of the process, 14 embryos were biopsied for gender selection.
The next day, a pre-implantation genetic report revealed four normal male embryos, three female and seven abnormal samples.
Day five of the treatment saw two male embryos transferred to the patient.
The woman recorded a positive pregnancy test two weeks later.
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Green ambitions
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What is Diwali?
The Hindu festival is at once a celebration of the autumn harvest and the triumph of good over evil, as outlined in the Ramayana.
According to the Sanskrit epic, penned by the sage Valmiki, Diwali marks the time that the exiled king Rama – a mortal with superhuman powers – returned home to the city of Ayodhya with his wife Sita and brother Lakshman, after vanquishing the 10-headed demon Ravana and conquering his kingdom of Lanka. The people of Ayodhya are believed to have lit thousands of earthen lamps to illuminate the city and to guide the royal family home.
In its current iteration, Diwali is celebrated with a puja to welcome the goodness of prosperity Lakshmi (an incarnation of Sita) into the home, which is decorated with diyas (oil lamps) or fairy lights and rangoli designs with coloured powder. Fireworks light up the sky in some parts of the word, and sweetmeats are made (or bought) by most households. It is customary to get new clothes stitched, and visit friends and family to exchange gifts and greetings.
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Quick pearls of wisdom
Focus on gratitude: And do so deeply, he says. “Think of one to three things a day that you’re grateful for. It needs to be specific, too, don’t just say ‘air.’ Really think about it. If you’re grateful for, say, what your parents have done for you, that will motivate you to do more for the world.”
Know how to fight: Shetty married his wife, Radhi, three years ago (he met her in a meditation class before he went off and became a monk). He says they’ve had to learn to respect each other’s “fighting styles” – he’s a talk it-out-immediately person, while she needs space to think. “When you’re having an argument, remember, it’s not you against each other. It’s both of you against the problem. When you win, they lose. If you’re on a team you have to win together.”
How to wear a kandura
Dos
- Wear the right fabric for the right season and occasion
- Always ask for the dress code if you don’t know
- Wear a white kandura, white ghutra / shemagh (headwear) and black shoes for work
- Wear 100 per cent cotton under the kandura as most fabrics are polyester
Don’ts
- Wear hamdania for work, always wear a ghutra and agal
- Buy a kandura only based on how it feels; ask questions about the fabric and understand what you are buying
