Written by Amira Shehata
Sunday, February 12, 2023 12:00 AM
Inflation has pushed people to buy second-hand appliances that cost less new hardwareAnd the data indicates that 283 million used phones were sold in the United States last year, an increase of 11.5% over 2021, and the market value is scheduled to reach $ 99 billion in 2026.
According to the British newspaper “Daily Mail”, sales fell smart phones New in 2020, amid the onset of the coronavirus pandemic, but ever-increasing prices have kept customers at bay, costing an iPhone today at least $100 more than it did two years ago, and Apple’s iPhones make up more than 80% of that economy. “The Ring”.
The International Data Corporation (IDC) claims that the boom in used smartphones is due in part to trade-in programs offered by Apple and other major smartphone companies.
Smartphone sales began to decline two years ago when electronics makers were forced to shut down due to lockdown restrictions. China, the only source of iPhones, started lockdowns before the rest of the world and kept them in place for longer, slowing Apple’s production.
However, many users have noticed that each new iPhone tends to be the same, and instead of paying more money, they either stick with their current model or buy a used one to upgrade.
