Prices for many refurbished iPhone models have been dropping since the iPhone 14 line was released.
, you're right. Counterpoint notes that top sellers in the U.S. secondary market include phones in the iPhone 8 series, the iPhone 11 series, and the iPhone XR. But the research firm is pointing out that prices of the three aforementioned iPhone models have dropped 22% on average since the release of the iPhone 14 series.
Even though older iPhone models are dropping in price, refurbished iPhone Pro models have been seeing stronger demand ever since the new iPhone 14 line hit store shelves. Counterpoint says that some of this is due to 5G. Older phones that do not support 5G are getting cheaper while refurbished 5G handsets are in demand. The report says that those buying refurbished 5G iPhone units are using the money they are saving by purchasing a"refurb" to subscribe to a costlier 5G wireless plan.
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