More than 150% year-over-year growth shows mobile device trade-in programs are back to pre-pandemic levels 26 August 2021—Assurant, a leading global provider of lifestyle and housing solutions that support, protect and connect major consumer purchases, today announced findings from its analysis of the mobile device trade-in and upgrade market for Q2 2021. Its Q2 Mobile Trade-in and Upgrade Industry Trends report reveals that mobile trade-in programs in the U.S. returned $571 million to consumers, a 152% increase from Q2 2020 and a 25% increase over Q2 2019, reflecting a return…
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Mobile trade-in programs return $668 million to U.S. consumers in Q1 2021
Continued year-on-year growth highlights the significant role mobile trade-in programs are having in stimulating new 5G smartphone upgrades 2nd June 2021 – Assurant, a leading global provider of lifestyle and housing solutions that support, protect and connect major consumer purchases, today announced findings from its analysis of the mobile device trade-in and upgrade market for Q1 2021. Its Q1 Mobile Trade-in and Upgrade Industry Trends reveals the mobile trade-in industry returned more than $668 million to U.S. consumers during the first quarter of 2021—a 25% increase from $535 million in…
Read MoreHYLA Mobile: Mobile trade-in programs returned $2.378 billion to US consumers in 2019
In 2019, the average age of a smartphone at trade-in was 3 years 30 January 2020 – HYLA Mobile, the world’s leading provider of software technology and services for mobile device returns management and reuse solutions, today announced results from its analysis of the mobile device trade-in market for 2019. The report reveals that $2.378 billion was returned to US consumers last year via mobile device trade-in programs—an increase of 4.7% from 2018. HYLA combines live market figures and its own analytics solution to identify the latest trends for the…
Read MoreHYLA Mobile: Mobile trade-in programs return over $455 million to US consumers in Q2 2019
HYLA data reveals the average age of smartphones at trade-in has hit a three-year high 31 July 2019 – New data from HYLA Mobile, the world’s leading provider of software technology and services for mobile device trade-in and reuse solutions, reveals the continued growth of trade-in programs in the US. Findings from its latest quarterly trade-in trends report show that in Q2 2019, over $455 million was returned to US consumers via trade-in programs—an increase of 10% from Q2 of 2018. HYLA’s latest data also shows that US consumers are…
Read MoreHYLA Mobile: Mobile device trade-in programs returned more than $2bn to customers and consumers in 2017
An additional $55 million returned to consumers in 2017 compared to 2016, despite them holding onto devices for longer 31 January 2018 – Mobile device trade-in programs put $2.156 billion back in the pockets of US consumers in 2017, an increase of $55 million from 2016, illustrating the growing momentum of the global used device ecosystem. This is despite consumers choosing to hold onto their devices for longer (more than two months on average) than in previous years. These are the key findings from HYLA Mobile’s Mobile Trade-In Industry Trends…
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