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

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evaluation firm Counterpoint Analysis has simply launched an enchanting report on the refurbished cellphone market. Do you wish to guess which smartphone model is the chief on this market? when you mentioned Apple, you’re proper. Counterpoint notes that the highest sellers within the US secondary market embrace telephones from the iPhone 8 sequence, the iPhone 11 sequence, and the iPhone XR. However the analysis agency notes that the costs of the three iPhone fashions talked about have fallen 22% on common because the launch of the iPhone 14 sequence.

Refurbished iPhone 13 sequence telephones have a mean value improve 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 because the 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 enroll in a dearer 5G wi-fi plan.

Take a look at this! The common promoting value (ASP) for refurbished iPhone 8 sequence telephones has decreased 38% because the iPhone 14 launched. The ASP for the iPhone X sequence 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 because the launch of iPhone 14. However refurbished iPhone 13 sequence telephones have really 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 sequence fashions is the elevated provide of those telephones as extra customers commerce them in to get credit score for a variant. of the iPhone 14. Counterpoint has calculated that the common US shopper retains their cellphone for 3 years and seven months, which is an extended ready interval in comparison with the determine calculated just some years in the past.
Counterpoint concludes that with the financial system weak (and we would add, excessive inflation and the beginning of what seems to be a bear market in shares), customers could also be trying to save cash by shopping for refurbished iPhone 13 sequence items. as a substitute of iPhone 14 fashions. This would possibly work when you’re not a cellphone fanatic and are shopping for an iPhone 13 as a substitute of an iPhone 14 (you will 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 occasions what it pays for the A15 Bionic), however the iPhone 14 Professional sequence additionally comes with the shape-shifting multitasking notch that replaces Dynamic Island.

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

Whereas Dynamic Island arguably stole Apple’s “Far out” occasion final month, iPhone 14 Professional sequence customers are not overwhelmed by the characteristic 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 seem on all iPhone 15 fashions subsequent 12 months, not simply Professional fashions like this 12 months.

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

All the above refurbished iPhone fashions bought iOS 16, which suggests they acquired the brand new customizable lock display and lock display widgets. However when you’re in search of a refurbished iPhone, remember that there’s an opportunity that iPhone 8, iPhone 8 Plus, and iPhone X might not get iOS 17.

Since this isn’t one thing you concentrate on when shopping for a brand new iPhone, you could not suppose twice. However once you purchase a refurbished mannequin, and this additionally applies to those that purchase a refurbished Pixel cellphone, it is necessary to test when the cellphone you intend to purchase will lose official assist for system and safety updates. For Android 14, Pixel 4 and Pixel 4 XL lose assist, which implies that fashions starting from Pixel 4a to Pixel 7 and Pixel 7 Professional will likely be in line for the subsequent model of Android.

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