If the mobile market has shown us anything, it’s that phones are living longer and longer. No, this doesn’t mean flip phones with green screens are making a comeback. But it does mean that in today’s technology world, it’s not one and done for cell phones when it comes to owners. 

A growth trend

Let’s start with trends in 2017, 2018, and 2019
2017 saw total trade-in and buyback value at $2.15 billion, meaning this is the amount that was returned to customers that year. With a 4.8% increase, 2018 came in at $2.26 billion for the same programs. And up 4.7% from that came 2019, with $2.37 billion returning to the hands of consumers. The healthiest quarters each year were Q1 and Q4: 

20182019
Q1: $415 millionQ1: $527 million
Q4: $744 millionQ4: $758 million

Age ain’t nothing but a number, indeed. 

We’ve all heard the adage, 40 is the new 30. Well in cell phone years, 3 is the new 2. In recent years, the trade-in age for phones has gone from 2.5 years in 2017 to currently surpassing the 3-year mark. And even though consumers are holding on to their devices longer—and that goes for Android as well as Apple devices—the trade-in value is still increasing year over year.

A win-win-win… win. 

So, who benefits from this growth? As it turns out, everyone involved. Whether you’re a consumer, a reseller, or an OEM, the secondary mobile market has plenty to give to everyone involved. As promotional offers reel in consumers who have had their phones for one or two years to purchase the newest device, their not-so-old phones will go back to be remarketed, which will then bring those devices to consumers looking to score a perfectly good smartphone that’s not necessarily brand new. And, everyone benefits:

  • Consumers looking to upgrade their devices can do so 
  • Those who want something newer can get it 
  • Carriers can resell devices 
  • OEMs can continue developing new models

The best part? Everything leads back to a more sustainable model: fostering a healthy secondary market is pivotal to the growth of the circular economy.

As trade-in rates rise, large carriers and OEMs are moving more devices through B2B resale channels than ever before. One such channel is B-Stock. The world’s largest wireless manufacturers, carriers, and trade-in companies are currently leveraging our B2B marketplace platform for their trade-in and excess mobile devices and accessories. Across our network, more than 3 million phones and 5 million accessories are sold annually.

Visit our mobile sourcing page for a look at our 10+ marketplaces. And for more information on selling via our mobile marketplace platform, please download our Mobile Brochure

 

Join the largest global network of B2B liquidation marketplace

Request Demo

More from the B-Stock Blog

B-Stock Presents: BJ’s Liquidation Auctions

B-Stock is pleased to announce the launch today of BJ’s Liquidation Auctions – the official liquidation channel of BJ’s Wholesale Club. What is BJ’s Liquidation Auctions? This B2B marketplace will give qualified business buyers direct access to bulk quantities of…

Aug 05 2020 · 1 min read

How to Start a Business Using Retail Arbitrage

If you’ve ever shopped for items at TJMaxx or on eBay, you’ve encountered retail arbitrage. It’s a prolific practice, and nearly impossible to avoid. One of the reasons retail arbitrage is so common is because there is consumer demand and…

Aug 05 2020 · 7 min read

Grade A Award: Meet B-Stock’s Winners for Q2!

We’re proud to announce our Grade A Award winners for Q2 2020! These individuals were nominated by their peers in the categories of: Core Values: nominees must demonstrate behavior, actions, and attitude that exemplify honesty & integrity, intelligence & curiosity,…

Aug 04 2020 · 4 min read

Like what you see?

Subscribe to our newsletter to get the latest news from B-Stock.