Price of foldable Samsung smartphone plummets
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Vietnamese electronics retailers are buying back the Galaxy Z Fold, which sold for VND50 million (US$2.092) when it was launched in 2019, at an 88% reduction from the original price.
Ever since Samsung’s new Galaxy S23 went on sale in Vietnam on Feb. 17, retailers have launched trade-in programs, encouraging users to buy the new model.
Galaxy Z Fold phones are being bought back at prices of VND0.43-6.1 million per unit depending on their condition.
The Galaxy S10+, another high-end Samsung model which went on sale in 2019 with a price tag of VND28.9 million, is being bought back for VND2.9 million.
According to Nguyen Lac Huy, manager of electronics chain CellphoneS, prices of most Android smartphones fall faster than those of iPhone models. After six months of use, the price of an Android phone plunges by 40-50%.
The main reason is that manufacturers often offer discounts on Android phones after launch, while the cost of repairing them is high.
Questions & Answers
Q.Which specific Samsung foldable phone model is being bought back by Vietnamese retailers?
Which specific Samsung foldable phone model is being bought back by Vietnamese retailers?
Vietnamese electronics retailers are buying back the Galaxy Z Fold. This model originally sold for VND50 million when it was launched in 2019, but is now subject to significant price reductions in trade-in schemes.
Q.What is the primary reason given for the rapid depreciation of Android smartphone prices?
What is the primary reason given for the rapid depreciation of Android smartphone prices?
The main reason cited is that manufacturers frequently offer discounts on Android phones shortly after their launch. Also, the cost associated with repairing these devices is typically high, contributing to their value decrease.
Q.When did the new Samsung Galaxy S23 become available for sale in Vietnam?
When did the new Samsung Galaxy S23 become available for sale in Vietnam?
The new Samsung Galaxy S23 went on sale in Vietnam on February 17. Its launch prompted retailers to introduce trade-in programmes, encouraging customers to purchase this latest model from Samsung's lineup.
Q.How much does the trade-in value for the Galaxy Z Fold vary based on its condition?
How much does the trade-in value for the Galaxy Z Fold vary based on its condition?
The Galaxy Z Fold phones are being bought back at prices ranging from VND0.43 million to VND6.1 million per unit. The specific value offered depends entirely on the condition of the individual device being traded in.
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