Used phones of various models are fetching higher prices, according to a processor. | Daniel Krason/Shutterstock
HYLA Mobile reports prices for traded-in mobile phones have steadily increased over the last few years, and the company noted overseas markets for used 4G phones remain strong.
The mobile phone reverse logistics company recently released data points from the third quarter. The top five trade-ins were all iPhones, with the top four coming from the iPhone 6 and iPhone 7 family models.
“These older models are certainly impacting the metric around the length of time consumers are holding on to their devices,” according to a HYLA Mobile blog post. “Our data shows the device age of iPhones at trade-in moved from 3.11 years in Q2 to 3.14 years in Q3 and the overall length in time, for all devices, increased from 3.01 years to 3.04 years for those same quarters.”
HYLA Mobile has also seen a 10% increase in the value of used phones running the Android operating system and a 15% increase in the value of iPhones in recent years.
The company also wrote about how the switch to 5G wireless service will help drive the trade-in market. “And for OEMs, retailers and carriers there will be plenty of value in many of these traded-in devices, especially 4G devices, which will still be in high-demand in many parts of the world,” according to the post.
Headquartered in Texas, the company runs a 100,000-square-foot, R2-certified processing facility in La Vergne, Tenn., near Nashville.
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