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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.
Some of the world’s largest wireless OEMs, carriers, and trade-in companies leverage B-Stock’s B2B marketplace to maximize their profits on trade-in mobile devices and accessories. Get insight into secondary market trends to fetch the highest prices for your devices.
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The numbers are hard to ignore. According to the National Retail Federation, retailers expect ~16% of annual sales to be returned, roughly $850 billion in merchandise. According to McKinsey & Company, it’s forced retailers to spend an estimated $200 billion…