The Korean electronics giant officially unveiled its latest smartphone Samsung Galaxy S20 worldwide, which will be announced to be available in Singapore on March 6. But the unprecedented wave of excitement amongst users could turn to hold on to their wallets for at least 6 months as our historical data shows that the price will experience 27% drop after 6 months and 34% after 12 months.
iPrice Group conducted independent research where we tracked the prices of 3 previous models of Samsung Galaxy S-models including S8, S9, and S10 since their release dates over hundreds of online stores & merchants.
For loyal Samsung-users who have been anticipating its release as it is said to have the best specs, features, cameras, and many more, we found that the price of Samsung Galaxy S20 is predicted to drop to S$949 after 6 months. This was seen from previous models such as S8, S9 and S10, which experienced a drop in its-price after 6 months and a year from their release dates.
Here are 4 interesting insights on the price prediction:
Samsung Galaxy S20’s price may drop up to S$862, 34% after a year. According to this study, you should wait for at least 6 to 12 months from its release date. The Samsung Galaxy S20’s release date price of S$1,298 may experience a drop to an estimated S$949 (27%) after 6 months. While after a year, its average minimum price online may drop up to an estimated S$863 (34%).
Samsung Galaxy S10 experienced the biggest drop by 47% after 12 months of its release. Samsung Galaxy S10 saw a significant reduction in its price tag 12 months after its release as compared to other models. Data shows that the average price dropped up to S$674 (47%) from its original price after 12 months.
Samsung Galaxy S8 & S9’s prices dropped by an average of 23% 6 months after. 6 months after its release date, both Samsung Galaxy S8 & S9’s prices experienced an average drop of 23%. While Samsung Galaxy S8’s price dropped from S$998 to S$824 (17%), Samsung Galaxy S9 experienced a slightly higher drop from S$1,198 to S$855 (29%).
Samsung Galaxy S-series price trends. There was an increase in trend in terms of the release date prices for all 3 previous models in the Samsung Galaxy S-series. For instance, the Samsung Galaxy S9 is more expensive by S$200 (20%) than S8. While the S10’s is the most expensive as compared to previous models.
A potential reason on the S10’s higher price was probably due to the various improvements on the phone such as cameras, RAM, graphics, and many others.
Despite many upgrades on S20, the price release of S20 in Singapore starts from S$1,298 which is interestingly the same as S10’s. Therefore, observing a similar trend on price drops for S20, users who are looking to save up and find the best deals for this phone should wait a few months after its release.