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As we prepare for the launch of the iPhone 7, we decided to take a look at what the older generations of Apple products are going for online today.
Replacing that hype is a new kind of hype: for old iPhones. The global market for refurbished smartphones grew by 5% year over year from 2021 to 2022, according to Counterpoint Research.
The iPhone has been adopted by both consumers and business users. [227] iPhone users are wealthier and spend more time on their phones than Android users on average. [228] [229] The iPhone is especially popular in the U.S., where it has a 50% market share, [230] and is used by 87% of teenagers. [117]
Apple was able to capture 58.5 percent of the value of the iPhone, despite the fact that the manufacture of the product is entirely outsourced. Particularly notable is that labor costs in China account for the smallest share: 1.8 percent, or nearly US$10, of the US$549 retail price.
Apple offers up to $620 when you trade in an old iPhone, and trade-in sites like Gazelle and Decluttr sometimes offer even more. See: 3 Strategies To Make Quick Cash by Recycling Old Quarters
Project Appraisal Using Discounted Cash Flow; T. Keck, E. Levengood, and A. Longfield (1998). Using Discounted Cash Flow Analysis in an International Setting: A Survey of Issues in Modeling the Cost of Capital, Journal of Applied Corporate Finance, Fall, pp. 82–99. Eric Kirzner (2006) Selected Moments in the History of Discounted Present Value.
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