Average Trade-In Value of Smartphones Hit $135 Q2: Assurant
Assurant said Tuesday the average trade-in value of smartphones reached $135 during Q2, with iPhones hitting “their highest recorded value” of $215. The average price in Q1 for all smartphones was $126. “With the economic challenges affecting the mobile device…
Sign up for a free preview to unlock the rest of this article
Communications Daily is required reading for senior executives at top telecom corporations, law firms, lobbying organizations, associations and government agencies (including the FCC). Join them today!
market, new smartphone shipments have declined resulting in a decrease of pre-owned smartphone inventory,” the report said: “Simultaneously, many consumers are now taking more interest in purchasing refurbished smartphones -- whether that’s to make devices more affordable, or as a greener alternative to buying new.” The top five traded devices in Q2 were the iPhone 11, iPhone 12, iPhone XR, iPhone 12 Pro Max and iPhone 11 Pro Max, Assurant said, noting 5G-capable devices were 34% of the trade-ins, compared with 29% in Q1.