Assurant , a world enterprise companies firm, stories that exposed that US$4.3 billion was returned to U.S. shoppers by means of cellular system trade-in packages in 2023.
The $4.3 billion is a document industry-wide excessive as recorded by Assurant and is a 13% improve over 2022. In quarter 4 (This autumn) particularly, $1.6 billion was returned to shoppers through trade-in packages – the best on document for this quarter.
Key findings from the “Assurant 2023 Cell Commerce-in and Improve Business Developments” report embrace:
- The iPhone 11 was as soon as once more the highest system turned in by means of trade-in and improve packages.
- Following the iPhone 11, the iPhone 12, iPhone 12 Professional Max, iPhone XR, and iPhone 12 Professional had been the most well-liked units turned in.
- Variations of the iPhone 12 made up greater than half (51%) of the highest 5 units turned in through the yr.
- The Samsung Galaxy S21 was the highest turned in Android system of 2023.
- The typical age of units at trade-in was 3.46 years.
- The variety of trades carried out on-line in 2023 elevated 10% year-over-year in comparison with 2022.
Highlights from This autumn 2023 embrace:
- This autumn 2023 noticed a complete of $1.6 billion returned to U.S. shoppers — a 25% improve from This autumn 2022.
- The iPhone 11 was the highest system turned in by means of trade-in and improve packages, making up nearly 30% of the highest 5 units. This was intently adopted by the iPhone 12 at 23%.
- The iPhone 11 has been the highest turned in system for the final seven consecutive quarters.
- iPhone trade-in values had been the best on document in This autumn 2023, at $218, up from $186 in Q3 2023.
- In This autumn, 4 of the highest 5 turned in units had been 5G enabled.
