https://wccftech.com/iphone-11-preferred-iphone-xr-survey/

The iPhone lineup revealed this year turned out to be quite a surprise, largely because of the camera improvements and the starting price. The phones are reportedly doing so well in the market that Apple is ramping up supply. The relatively affordable iPhone 11 carries a price tag of $699, which is $50 less than what the iPhone XR was going for when it was first released. Also, if you trade in your older iPhone, you can save even more money, but how many iPhone owners are actually willing to do that? Only a minority, it seems, according to the latest survey.

According to a survey conducted for PCMag, only 18 percent of U.S. iPhone owners plan to upgrade to one of the newer models. Apparently, even at a starting price of $699, the newer iPhones are deemed unworthy of an upgrade. The sweet spot seems to be $599, with a whopping 61 percent of the users saying they don’t want to splurge more than that on a new phone.