Inflation prompted people to buy used devices, which cost less than new ones, and data shows that 283 million used phones were sold in the United States last year, an increase of 11.5% over 2021. It shows that the market value will reach $99 billion. In the year 2026
According to the British newspaper “Daily Mail”, in 2020, in the midst of the beginning of the Corona virus epidemic, sales of new smartphones declined, but the ever-increasing prices kept customers away, so the cost of the iPhone is not less than another $ 100. today. Two years, and Apple’s iPhones have made up more than 80 percent of this “circular” economy.
The International Data Corporation (IDC) claims that the boom in used smartphones is due in part to exchange programs offered by Apple and other major smartphone companies.
Smartphone sales began to decline two years ago when electronics makers were forced to close due to quarantine restrictions. China, the only source of iPhones, started quarantine before the rest of the world, keeping them around for longer and reducing Apple’s production.
However, many users have found that every new iPhone tends to be the same, and rather than paying more, they either stick with their current model or buy a used iPhone to upgrade.
