Can you guess which iPhone model was traded in the most last quarter?
The Galaxy S22 Ultra was been the Android phone most used in trade-in and upgrade deals last quarter. | Image credit-PhoneArena
Besides an increase in the number of trade-in and upgrade deals accepted by device buyers, the devices being used in these trades have been less than four years old on average which means that the consumer receives more money toward his/her purchase. Having said that, the age of the typical trade has been rising.
The average age of an iPhone turned in for a trade-in and upgrade deal is 3.79 years while the average for an Android model is 3.93 years. These ages are the highest on record but, as we said, the age of devices being turned over in a trade-in and upgrade is still young enough for the consumer to receive enough credit from carriers and tech retailers to significantly help with the purchase of a new phone.
Assurant comes to the conclusion that most consumers aren’t thinking about trading in their newer handsets without receiving a special deal. That’s because most phones used in a trade still run great while giving the majority of consumers everything they need from a smartphone.
