Used Phone Purchases Increases Suddenly: Reports

With cellphones, you don't necessarily need the best, most shiny object. After all, buying a new phone can be quite pricey. As recent data indicates secondhand phones are more popular than ever, more people are becoming aware of this. According to estimates from the IDC, over 282 million used smartphones will reportedly be sold through 2022, marking a record high for used smartphone sales. Although new phones continue to sell like hotcakes, this marks an 11.5% year-over-year increase and demonstrates an increasing trend of individuals choosing to purchase used devices instead. You may purchase used phones at incredibly low prices on the second-hand market, or you can save hundreds of dollars on a new, barely used device. [caption id="" align="aligncenter" width="1024"] Photo Credit: HOBI International[/caption] It's not too difficult to figure out why this is. A brand-new smartphone is probably not a priority if someone has other bills to pay because economic inflation was an issue for the majority of 2022 (and still is). While old iPhone 12 or 13 models can be found for as little as $300, the iPhone 14 Pro Max can start at $1,100. Also Read: Snap Inc Shares Fall After Missing Revenue Estimates After all, it's recommended to purchase a used, older flagship rather than a mid-range smartphone. If you need a second phone but are on a tight budget, you might want to think about getting one as well.