The Galaxy S20 – for some reason Samsung doesn’t look like it plans to follow the naming convention established over the last few years and opt for the Galaxy S11 brand name – is tipped to arrive packed with goodies including a faster 120hz screen, bigger battery, improved camera and speedy processor.
We’ll find out more next Tuesday but this launch won’t be great news for everyone. For example, you happen to have a Galaxy S10e in your pocket then you could see a huge decline in what it is worth.
In fact, according to Compare and Recycle, the entry-level S10e could now be worth less than the Galaxy S9+, which first launched in March 2018 – a full twelve months before the Galaxy S10e debuted.
The trade-in comparison site says if you own a Galaxy S10e, which was released in March 2019, you can cash it in for up to £252, however, merchants are offering as low as £180.
READ MORE: Samsung Galaxy S20 might not be able to match iPhones from 2017, embarrassing leak reveals
This, unfortunately, makes the Galaxy S10e the biggest loser, dropping by £10 a month in resale value since its release. Current S10e 256GB prices dropped even below the recycling price of the two-year-old Galaxy S9+ 256GB.
Although the S10e has fallen in price, there is some much better news for the standard S10.
Since the beginning of January, S10+ 512GB has gone up by £40, the 128GB variant has seen an increase of up to £20. The Galaxy S10 128GB can earn you up to £35 more than it did at the beginning of the year and the trade-in prices for 512GB model have also increased by a whopping £60.
That upward trend may not last long with things expected to take a tumble once the S20 arrives so keep an eye on prices if you are considering selling your current phone.
READ MORE: Apple just proved the iPhone is more popular than the Galaxy S10 and P30 Pro
Speaking about the news Matthew Moreton, Managing Director at Compare and Recycle, said: “Our price tracking highlights one key point – prices for last year’s 4G models are going up but it won’t last long.
“Speaking of year on year experience, after the announcement recycling vendors will see a spike in handset recycling demand for earlier models.
“This will create the volume-based trend and allow recyclers to push handset prices down due to so many people upgrading and recycling older handsets.
“On the plus side, the release of the Galaxy S20 series should cause refurbished Samsung Galaxy S10 price reduction. In both cases, you can’t go wrong either with buying a more pocket and environment-friendly option or recouping the most value of your current handset to part-fund your next upgrade.”
If you want to hear all the news from Unpacked then the event gets underway on February 11 with things expected to start at around 6.30pm GMT.
Express.co.uk will be bringing you live updates throughout the day so make sure you check back for full details.