Investment bank Piper Jaffray on Tuesday announced the results in its new iPhone resale value index, finding that Apple’s iPhone depreciates at a rate less than half that of corresponding Android devices from Samsung.
The inaugural report shared with AppleInsider compared U.S. eBay auction prices for the iPhone 5, iPhone 4S, iPhone 4, Galaxy S III and Galaxy Note II , a method that looks to determine the current consumer climate for Apple’s handset.
The tech giant is slapped with a lawsuit, which alleges it knowingly sold iPhone 4 smartphones with power buttons that broke shortly after the 1-year warranty expired.
A lawsuit has been brought against Apple for allegedly selling iPhone 4 smartphones with faulty power buttons. The suit, which seeks class-action status, claims that Apple knew about the issue and failed to fix the problem.
Debra Hilton filed the lawsuit in San Jose, Calif., alleging that she and “thousands of iPhone 4users” were sold the device with on-off buttons that stopped working shortly after the 1-year warranty was up. The problem purportedly had to do with a defective flex cable that controlled the power button.