Samsung Galaxy S4 Pushes Galaxy S3 Value Down Flight of Stairs

The Samsung Galaxy S3 price is on a dramatic decline thanks to the impending Samsung Galaxy S4 release, offering yet another reason for shoppers to avoid buying a cheap Galaxy S3 on contract.

Samsung Galaxy S3 owners who are looking to upgrade to the new Galaxy S4 should also take note as the trade-in value has dropped nearly 25% in the last three months.

Read: Samsung Galaxy S3 vs. Samsung Galaxy S4

Gotta Be Mobile warned owners about the impending Galaxy S3 price drop for trade in values ahead of the launch, but the $68 price drop for the average trade in for a Samsung Galaxy S3 is here, and it’s only expected to continue the decline.

Gazelle shares the average trade in prices for the Galaxy S3 vs. the iPhone 5, iPhone 4S and many others over the last three months. The chart below shows the average trade in value change from January to the end of March.

The Samsung Galaxy S3 average trade in price dropped $68 since January.

The Samsung Galaxy S3 average trade in price dropped $68 since January.

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By comparison, the average iPhone price drop was 7.25%, or about $15. It helps that the rumors of an iPhone 5S release still peg the date as months away.

The Samsung Galaxy S3 is still a nice phone, but the Galaxy S4 promises a larger screen, more sensors and fresher software which is pushing down the Galaxy S3 price at trade in locations.

Read: 5 Reasons to Buy the Samsung Galaxy S4 Instead of a Cheap Galaxy S3

The uptick in Samsung Galaxy S3 deals as we near the Galaxy S4 release date is another major factor. The selling price of a new Galaxy S4 dropped 50% on contract direct from a carrier and as much as 95% on Amazon wireless which offers the Sprint Galaxy S3 for $9.99 to new customers.

The Samsung Galaxy S4 is driving the trade in price for the Galaxy S3 down.

The Samsung Galaxy S4 is driving the trade in price for the Galaxy S3 down.

Verizon even got into the act with a Galaxy S3 price-drop, which is good news as we wait for any details about the Verizon Galaxy S4 release date. While it is a good idea to buy the Samsung Galaxy S4 over the galaxy S3, users who do want the Galaxy S3 would be better off buying a used one off contract at a significant discount.

All of this downward pressure on the Galaxy S3 price at retail and the impending Galaxy S4 release date will continue to drive the prices of trade ins down.

Gazelle is currently offering up to $226 for a Samsung Galaxy S3, which would pretty much pay for a Galaxy S4 on contract, or at least take the sting out of buying a Galaxy S4 off contract.

  

Comments

  1. evgamer says

    I just got hooked up with a brand new GS3 from a friend that didn’t need his anymore. My upgrade date is also around the same day the GS4 is released. Perfect situation for me. I will probably upgrade soon.

  2. Jack says

    That’s great that prices are dropping on the S3 for all the people on a tight budget that always wanted a great phone but couldn’t afford it before like myself and other poor countries can afford it now.

    ATT and Verizon have it now for $99 with 2 year contract, Sprint for $100 and $100 rebate which is $0 with 2 years, T-Mobile $69 plus $20 a month which is around $569 or less, Cotsco $39 with 2 year contract and will go lower and I heard some places on the web have it for as low as $19.

    All these places will have to lower it even more or give it for free with the 2 year contract to get rid of the thousands they still have in inventory.

    I have 2 upgrades at ATT and thinking if I should get the S3 or the S4 but att has the most expensive plans along with Verizon and if att doesn’t lower the plans I will shop around, there are many companies with cheaper plans like t-mobile, Waltmart, etc… that charge you about $100 plus tax for 2 smart phones with unlimited calls, texts and 500 mb of data while att charges $130 plus tax with 2 year contract and some companies even cheaper than $100 for 2 phones.

  3. Mike says

    Do carriers ever do a thing called like a “first day rush promo” where they offer the latest smartphone, in this case the S4, for a lower price on the first day of sale? Because Note 8 has just been released in my country and I’m surprised by how cheap it is. I’m thinking the price might be offered only for the first day buyers and will return to the original(higher) price on the succeeding days.

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