Around the Net

Smartphone Trade-In Slows As Prices Rise

iPhones traded in between July 1 and Sept. 30 were 2.92 years old on average, up from 2.37 years old the same period two years earlier, according to Hyla Mobile Inc. Android users swapped out their phones a little faster. At the time of trade-in, the average Android phone was 2.66 years old, up from 2.44 years old in the same period in 2016. Analysts said the rising cost of new smartphones might give U.S. consumers pause when they’re deciding whether to upgrade, according to the Los Angeles Times.

Read the whole story at Los Angeles Times »

Next story loading loading..