B-Stock – a B2B marketplace for trade-in and overstock mobile phones and devices – reports that the used phone market is currently worth $25 billion and growing faster than the primary market. 

The company says that  the average mobile phone will be used by two to three people before it’s scrapped. As part of its research, B-Stock looked at trade-in rates for the iPhone X (pictured) and the subsequent effect on the secondary market. Trade-ins of iPhone X models are on the rise due to customers being incentivized to trade up to an Xs/Xr model, as well as a higher buyback pricing for the X (a mint condition X can fetch close to $500). 

Click here to read the full AppleWorld Today article>>