Apple may roll out a hardware subscription service, allowing customers to pay a monthly fee to lease the devices and trade up when new hardware come out. | Attila Fodemesi/Shutterstock
Apple may soon launch a hardware subscription service, allowing customers to lease an iPhone through monthly payments and potentially trade up when new phones come out, Bloomberg reported.
Back Market’s service aims to recirculate the estimated 100 million devices sitting in drawers across the country. | andras csontos/Shutterstock
Online refurbished electronics marketplace Back Market has started a U.S. program that allows consumers to sell their devices directly to refurbishers.
Apkudo has tripled the number of customers on its platform over the past two years. | David Gyung/Shutterstock
Supply chain automation company Apkudo announced Feb. 8 that it received $14.4 million in financing to continue to develop its connected device platform.
Back Market will use the latest funding round to fuel its growth, including more than doubling its U.S. workforce. | Freedomz/Shutterstock
Back Market, an online marketplace selling refurbished electronics, has now raised over $1 billion in investment backing in recent years.
Apple on Nov. 17 announced its Self Service Repair program, which will be available first for the iPhone 12 and 13 and then will include Mac computers with M1 chips. | Parilov/Shutterstock
Apple will sell its parts and tools to individual consumers so they can make common repairs for iPhones, the company announced this week.
PlanITROI partnered with Microsoft to provide free refurbished laptops to digitally underserved students in El Paso, Texas and Memphis, Tenn. | Courtesy of PlanITROI
The nonprofit arm of ITAD firm PlanITROI partnered with Microsoft to provide hundreds of refurbished laptops to low-income students of color in Texas and Tennessee.
The company noted the investment money will be used to build and deploy thousands of automated kiosks across the U.S., Europe and Asia. | goir / Shutterstock
Mobile device collector and resale firm ecoATM Gazelle has raised $75 million to roll out its automated kiosks in more locations around the world.
By acquiring CExchange, Echo Consolidated Holdings Group will now offer customers a full suite of services. | fizkes/Shutterstock
Echo Consolidated Holdings Group, a family of Dallas-area electronics recycling, ITAD and IT services companies, recently expanded into the mobile phone trade-in business by acquiring CExchange.
An industry insider wrote that 4G devices will retain their value in the near future, allowing carriers to offload devices into secondary markets. | Dmitry Demidovich / Shutterstock
A mobile expert at Assurant says technology developments to boost cellular connectivity will help drive turnover of devices.
In the annual review of company data Hyla noted that trade-in activity was slower for the full year, but that it picked up significantly in the fourth quarter. | Sonyerry/Shutterstock
Mobile device trade-ins are older than they used to be, according to recent figures from device trade-in firm Hyla Mobile. Devices are also largely retaining their value.