Assurant released its 2021 Annual Trade-in and Upgrade Industry Trends report, and the results are intriguing. Through smartphone trade-in and upgrade programs, consumers earned over $3 billion in 2021. This amount is up by nearly $1 billion from 2020.
Key findings from the report:
- There was a 220% increase in online trade-ins between Q3 and Q4 2021.
- iPhones (including iPhone XR, iPhone 11, iPhone 8, iPhone 8 Plus, and iPhone X) were the top five devices traded in.
- iPhone trade-in values, at an average of $199, were twice as much as Android, which earned an average $98.
