U.S. refurbished iPhone market feels influence from demand for 5G assist | Guard Tech

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evaluation firm Counterpoint Analysis has simply launched a captivating report on the refurbished cellphone market. Do you wish to guess which smartphone model is the chief on this market? in the event you stated Apple, you might be proper. Counterpoint notes that the highest sellers within the US secondary market embrace telephones from the iPhone 8 collection, the iPhone 11 collection, and the iPhone XR. However the analysis agency notes that the costs of the three iPhone fashions talked about have fallen 22% on common for the reason that launch of the iPhone 14 collection.

Refurbished iPhone 13 collection telephones have a mean value enhance of 11% after the launch of the iPhone 14 line

Though older iPhone fashions are dropping in value, refurbished iPhone Professional fashions have seen stronger demand for the reason that new iPhone 14 lineup hit shops. Counterpoint says that a few of this is because of 5G. Older telephones that do not assist 5G are getting cheaper, whereas refurbished 5G telephones are in demand. The report says that those that purchase refurbished 5G iPhone items are utilizing the cash they’re saving from shopping for an “improve” to join a dearer 5G wi-fi plan.

Have a look at this! The common promoting value (ASP) for refurbished iPhone 8 collection telephones has decreased 38% for the reason that iPhone 14 launched. The ASP for the iPhone X collection is down 23% over the identical interval, and the lower within the ASP of refurbished iPhone 11 fashions it’s 15%. The primary 5G-enabled iPhone fashions, the iPhone 12 line, have seen a ten% drop in costs for refurbished items for the reason that launch of iPhone 14. However refurbished iPhone 13 collection telephones have truly gone up 11 % since iPhone 14 fashions hit shops.

One of many causes for the decline in costs for refurbished iPhone 8, iPhone X, iPhone 11 and iPhone 12 collection fashions is the elevated provide of those telephones as extra shoppers commerce them in to get credit score for a variant. of the iPhone 14. Counterpoint has calculated that the typical US shopper retains their cellphone for 3 years and seven months, which is an extended ready interval in comparison with the determine calculated only a few years in the past.
Counterpoint concludes that with the economic system weak (and we’d add, excessive inflation and the beginning of what seems to be a bear market in shares), shoppers could also be wanting to save cash by shopping for refurbished iPhone 13 collection items. as an alternative of iPhone 14 fashions. This would possibly work in the event you’re not a cellphone fanatic and are shopping for an iPhone 13 as an alternative of an iPhone 14 (you may get the identical A15 Bionic chip!).
These trying to buy the iPhone 14 Professional or iPhone 14 Professional Max are much less more likely to take into account a refurbished iPhone 13 Professional or iPhone 13 Professional Max. The newer fashions not solely include a brand new A16 Bionic chip (which price Apple 2.4 instances what it pays for the A15 Bionic), however the iPhone 14 Professional collection additionally comes with the shape-shifting multitasking notch that replaces Dynamic Island.

When shopping for a refurbished iPhone or Pixel mannequin, you must know this truth!

Whereas Dynamic Island arguably stole Apple’s “Far out” occasion final month, iPhone 14 Professional collection customers aren’t overwhelmed by the function now that they’ve had an opportunity to make use of it in actual life. We should remind you that Dynamic Island is rumored to look on all iPhone 15 fashions subsequent yr, not simply Professional fashions like this yr.

Purchase the Apple iPhone 14 Professional and iPhone 14 Professional Max and get Dynamic Island

The entire above refurbished iPhone fashions received iOS 16, which suggests they acquired the brand new customizable lock display and lock display widgets. However in the event you’re searching for a refurbished iPhone, remember the fact that there’s an opportunity that iPhone 8, iPhone 8 Plus, and iPhone X could not get iOS 17.

Since this isn’t one thing you consider when shopping for a brand new iPhone, you could not assume twice. However while you purchase a refurbished mannequin, and this additionally applies to those that purchase a refurbished Pixel cellphone, it is vital to examine when the cellphone you propose to purchase will lose official assist for system and safety updates. For Android 14, Pixel 4 and Pixel 4 XL lose assist, which signifies that fashions starting from Pixel 4a to Pixel 7 and Pixel 7 Professional might be in line for the following model of Android.

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U.S. refurbished iPhone market feels impact from demand for 5G support

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