Q3 2023 Mobile Trade-In and Upgrade Industry Trends Report

The Mobile Trade-In and Upgrade Industry Trends Report reveals that $999M was returned to U.S. consumers through trade-in programs helping to fuel a strong secondary market where pre-owned devices are in demand. Last quarter's report also lists the top five devices turned in through trade-in and upgrade programs, average age of devices when turned in, average trade-in values, and more.

Supply of 5G Smartphones Increase

Though the iPhone 11 has been the most-turned-in device from trade-in and upgrade programs for the last six quarters, 5G devices collectively now make up more than 50% of the top five devices returned through these programs. The iPhone 12, iPhone 12 Pro Max, and iPhone 12 Pro take the second, third, and fifth spots, respectively. Though not on the top five list, the Samsung Galaxy S21, also 5G capable, was the top Android device turned in.

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