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Even a used iPhone X will cost an arm and a leg. The phone’s $999 starting price isn’t the only place consumers are hit with a hefty price tag. The iPhone X is now also reselling at the highest price of any other phone, according to liquidation research specialist B-Stock.
The average resale price is only at 85 percent of the original, and even those who buy the phones in bulk are paying about 75 percent of the original price — these are much higher percentages than even previous iPhone models, which sold at around 65 percent of the original price half a year after they hit the market.
Today’s consumer purchases happen more rapidly than ever, making returns an unavoidable aspect of the shopping experience. Every year, billions of dollars worth of returned goods make their way back to retailers, often resulting in excess inventory. Many of these…