As smartphone upgrades plummeted, used iPhones sold like hotcakes

As smartphone upgrades plummeted, used iPhones sold like hotcakes

a year ago
Anonymous $5YzO3NGzaX

https://arstechnica.com/gadgets/2023/04/almost-half-of-refurbished-phones-sold-are-iphones/

Selling a new smartphone is the hardest it has been in years. Rising device costs, limited differences between model upgrades, and economic and environment-related desires to keep electronics alive as long as possible are making people turn to refurbished phones, data shared this week by analyst Counterpoint found. And if someone is buying a refurbished phone, there's a good chance it's an iPhone.

According to Counterpoint, Apple represented 49 percent of refurbished phones sold worldwide in 2022. The number of refurbished iPhones sold increased 16 percent year-over-year, with the overall used smartphone market growing 5 percent year-over-year, Counterpoint said. The numbers would be even higher, but a reported 17 percent drop in refurbished smartphone sales in China—driven, the firm said, by an increase in COVID-19 cases and related policies—was detrimental.

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