Your smartphone loses half of its value in a month

Planning to buy a new smartphone? Remember that the device may lose half of its value in a month which is even faster than your car, says an interesting study.

While cars typically lost 20% of their value a year after being driven off, money-draining smartphones went down up to 65% of their value in just a month of being released, reported on Thursday.

While the iPhone 4 continues to retain 39% of its value even five years after its launch, the iPhone 6 (16 GB) has managed to keep 50% of its 539 British pounds market value a year after its release.