When is the best time to buy the Samsung Galaxy S20? Most might say that it’s right after its release. Whether we admit it or not, being one of the first to own the latest tech is always a good feeling. But there’s also a benefit to waiting it out a little longer.
A new product insight from iPrice indicates being patient could help you net the Galaxy S20 for less. iPrice researched the best time to buy the Galaxy S20. The research took into account the price drop of Galaxy flagships over the year, starting from the S8 up until the recent S10. They looked into two different time periods after a flagship’s release to determine its price.
If you can’t wait any longer than a year, then you should wait for six months to pass after the Galaxy S20 has been released. The research from iPrice found that the price of Galaxy flagships may drop by 21% after six months. As such, you may get a better deal buying the S20 six months from now than on March 6.
How will a 21% price drop compare across S20 variants?
- Galaxy S20 — from PhP 49,990 to PhP 39,492
- Galaxy S20+ — from PhP 55,990 to PhP 44,232
- Galaxy S20 Ultra — from PhP 69,990 to PhP 55,292
Here’s where it gets interesting. Galaxy S10’s price dropped by 45% after a year, while Galaxy S8 and S9’s price dropped by 30%. The research estimates that the price drop of Galaxy S20 may fall between 30-45%.
Even when you factor in the much conservative 30% price drop, you still get big savings with PhP 34,993 than today’s price of PhP 49,990 for S20. For S20+, you get PhP 39,193. Finally, for the Galaxy S20 Ultra, the price drops to PhP 48,993.
If you’re looking to save, it is best to wait some months before buying a brand-new Galaxy S20. Prices do fluctuate, so the final price after a few months maybe higher or lower than the estimates. As a general advice, it is better for you to wait before buying a brand-new device to weather out the demand and any issues that may appear after release.
See also: Galaxy S20 price and availability in the Philippines