The revamped iPhone market in the US is feeling the impact of the demand for 5G support

Analytical company Counterpoint Research Just released a great report on the revamped phone market. Interested in guessing which smartphone brand is the leader in this market? If that’s what you say apple, you are right. Counterpoint notes that US secondary market bestsellers include phones in the iPhone 8 series, iPhone 11 series, and iPhone XR. But the research firm notes that the prices of the above three iPhone models have fallen by an average of 22% since the release of the iPhone 14 series.

The prices of refurbished iPhone 13 series phones increased by 11% on average after the release of the iPhone 14 line

Although the prices of older iPhone models have fallen, refurbished iPhone Pro models are seeing stronger demand since the new iPhone 14 line hit store shelves. Counterpoint says some of this is due to 5G. Old phones without 5G are getting cheaper, while refurbished 5G phones are in demand. The report says that those who buy refurbished 5G iPhone units are using the money they save by buying a “renewal” to subscribe to a more expensive 5G wireless plan.

Check this out! The average selling price (ASP) of the refurbished iPhone 8 series has fallen 38% since the launch of the iPhone 14. The ASP rate of the iPhone X series is down 23% compared to the same time frame, and the ASP rate of refurbished iPhone 11 models is down 15% . The first iPhone models to support 5G, the iPhone 12 line, have seen a 10% drop in refurbished unit prices since the launch of the iPhone 14. But iPhone 13 series refurbished phones are actually up 11% since the iPhone 14 models hit shelves Shops.

One reason for the drop in prices for refurbished iPhone 8, iPhone X, iPhone 11, and iPhone 12 models is an oversupply of these phones as more consumers exchange them for credit to purchase an iPhone 14 variant. Counterpoint calculated that the average American consumer keeps their phone for 3 years and 7 months which is a longer holding period compared to the figure calculated only a few years ago.
Counterpoint came to the conclusion that with the soft economy (and we might add, rising inflation and the start of what appears to be a bear market in stocks), consumers may be looking to save money by buying refurbished iPhone 13 series units instead of iPhone 14 models. This might work if they don’t You’re a phone fanatic and you’d buy an iPhone 13 instead of an iPhone 14 (you’ll get the same chip as the A15 Bionic!).
Those looking to get an iPhone 14 Pro or iPhone 14 Pro Max might be less likely to consider a refurbished iPhone 13 Pro or iPhone 13 Pro Max. Not only do newer models come with a new A16 Bionic chip (Which cost Apple 2.4 times what you’d pay for the A15 Bionic), but the iPhone 14 Pro series also comes with a shape-shifting multitasking notch to replace the Dynamic Island.

When you buy a refurbished iPhone or Pixel model, you need to know this piece of data!

While Dynamic Island arguably stole Apple’s “elusive” event last month, users of the iPhone 14 Pro series don’t seem to be overwhelmed with this feature now that they’ve had the chance to use it in real life. We have to remind you that Dynamic Island is rumored to appear on all iPhone 15 models next year, not just Pro models like this year.

Buy Apple iPhone 14 Pro and iPhone 14 Pro Max and get Dynamic Island

All the above refurbished iPhone models have got iOS 16 which means they have received new customizable lock screen and lock screen widgets. But if you are in the market for a refurbished iPhone, keep in mind that there is a chance that the iPhone 8, iPhone 8 Plus, and iPhone X will be cut off from receiving iOS 17.

Since this is not something you think about when buying a new iPhone, you may not think about it again. But when you’re buying a refurbished model, and this also applies to those who buy a refurbished Pixel phone, it’s important to check when the phone you’re planning to buy loses official support for system and security updates. For Android 14, the Pixel 4 and Pixel 4 XL lose support which means that models ranging from Pixel 4a to Pixel 7 and Pixel 7 Pro will be compatible with the next Android release.

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