iPhones accounted for the top five devices received during the first quarter of 2021 from trade-in and upgrade programs. This is per a new report from Assurant, a provider of lifestyle and housing solutions.
What does the Assurant report evaluate?
The report is an analysis of the mobile device trade-in and upgrade market for the first quarter of 2021. Q1 2021. It reveals the mobile trade-in industry returned more than US$668 million to U.S. consumers during the first quarter of 2021. That’s a 25% increase from $535 million in the same quarter of 2020.
The most popular trade-in/upgrade items
Assurant’s mobile trade-in industry analysis reveals:
° The top device was the iPhone XR, followed by the iPhone 8, iPhone 8 Plus, iPhone X, iPhone 7.
° The Samsung Galaxy S9 was the top Android device of quarter one of 2021.
° The average age of a device when turned in was 3.15 years.
° The average trade-in value for an iPhone in the first quarter of 2021 was $192, while the average trade-in value for an Android smartphone was $96; overall, the average value of a smartphone at trade-in was $134.
° The highest-valued smartwatch at trade-in in Q1 2021 was the Apple Watch Series 6 at $212, followed by the Apple Watch Series 5 at $176.