Assurant, a enterprise providers firm, experiences that US$865 million was returned to U.S. shoppers by trade-in applications throughout the first quarter of this 12 months. The typical trade-in worth for iPhones additionally surpassed $200 for the primary time since quarter three of 2021.
These findings are taken from Assurant’s newest Cellular Commerce-in and Improve Business Developments report, which tracks the continued development of cell gadget trade-in and improve applications.
Key highlights from the Q1 2023 report embody:
- The typical trade-in worth of an iPhone in quarter one was $201. That is the primary time the typical trade-in worth of an iPhone has reached the $200 mark for the reason that third quarter of 2021, the place the trade-in worth was $207.
- The highest 5 traded units throughout the quarter had been the iPhone 11, iPhone XR, iPhone 12, iPhone 11 Professional Max and iPhone 12 Professional Max.
- The iPhone 11 stays the highest traded gadget for 4 consecutive quarters and made up 38% of the highest 5 traded units.
- 5G smartphones, particularly the iPhone 12 and iPhone 12 Professional Max, made up 29% of the highest 5 traded units.
- The Pixel 6 Professional was the highest traded Android gadget for a second consecutive quarter.
- The typical age of smartphones traded-in was 3.35 years, barely older than 3.26 years in quarter 4 of 2022.
- The primary quarter of 2023 noticed a 41% year-on-year development in on-line trade-ins.
- For wearables, the Apple Watch Sequence 7 commanded the best common trade-in worth at $89.04, a 22% worth lower from This fall 2022.
