HYLA Mobile, a provider of software technology and services for mobile device returns management and reuse solutions, has announced results from its analysis of the mobile device trade-in market for 2019. The report reveals that $2.378 billion was returned to U.S. consumers last year via mobile device trade-in programs—an increase of 4.7% from 2018.
Key findings from HYLA’s 2019 trade-in trends report reveals that:
° iPhones accounted for nine of the top 10 devices traded-in in 2019. The top traded device was the iPhone 7, followed by the iPhone 6s, iPhone 7 Plus, iPhone 6, iPhone 8 Plus, iPhone 6s Plus, iPhone 8, Galaxy S7, iPhone X, and iPhone SE
° The iPhone 7 was the top traded device in every quarter in 2019. The Galaxy S7 was the top traded Android device in each quarter of 2019.
° While the average age of an iPhone at trade-in was 3.10 years, the average age of an Android device at trade-in was 2.75 years. Overall, the average age of a smartphone at trade-in has crossed the 3-year threshold.
° Quarter four of 019, where $758 million was returned to U.S. consumers, was the quarter where the most money was given back to consumers thanks to trade-in programs.
° The iPhone 11 Pro Max received the highest trade-in value in 2019 at $555.75. The iPhone XS Max followed with a trade-in value of $521.74. Interestingly, the highest trade-in value for a 5G device (the Galaxy Note10+ 5G) was 437.15, over $100 less than the iPhone 11 Pro Max
° The average trade-in value for an iPhone in 2019 was $171.11, while the average trade-in value for an Android smartphone was $66.82. Overall, the average value of a device at trade-in was $102.25.