HYLA Mobile: Mobile device trade-in programs returned more than $2bn to customers and consumers in 2017


An additional $55 million returned to consumers in 2017 compared to 2016, despite them holding onto devices for longer

31 January 2018 – Mobile device trade-in programs put $2.156 billion back in the pockets of US consumers in 2017, an increase of $55 million from 2016, illustrating the growing momentum of the global used device ecosystem. This is despite consumers choosing to hold onto their devices for longer (more than two months on average) than in previous years. These are the key findings from HYLA Mobile’s Mobile Trade-In Industry Trends 2017 Annual Summary.

HYLA Mobile, the world’s leading specialist provider of mobile device trade-in and reuse solutions, has enabled the re-purposing of more than 46 million devices on behalf of operators, OEMs, insurance companies and retailers. As a pioneer of the re-purposed device ecosystem, it has unique visibility on the growth of the global market and can also share these exclusive findings:

  • Of the top five traded devices in 2017, the iPhone 6 accounted for 40% of those traded devices.
  • The iPhone, and its iterations, accounted for 90% of the top five traded devices in 2017.
  • The average trade-in value across all makes and models of smartphones in 2017 was $106, up 7% from the previous year.
  • On average, consumers owned a device for 2.59 years (945 days) before trading it in, 78 days longer than in 2016 (2.38 years or 867 days).
  • The iPhone X had the highest trade-in value at an average price of $614.62.
  • Along with smartphones and tablets, we have seen an increase in the volume of wearable devices. Although a nascent category, Q4 2017 volume showed a 10-fold increase from the previous quarter.

“Our review of 2017 emphatically proves that the re-purposed device ecosystem is growing and getting stronger,” said Biju Nair, CEO, HYLA Mobile. “It’s an industry that benefits and rewards all stakeholders: consumers, carriers, OEMs, retailers, insurance companies and the environment. Entities that are offering trade-in as a part of their upgrade experience have shown stronger customer retention and acquisition, increased sales of higher margin products, and higher net promoter scores across the board.”

With new mobile device prices continuing to rise, trade-in programs offer consumers an affordable means to meet these increasing costs. It also delivers a strong signal to operators and OEMs who must keep a close eye on residual device values, or risk losing money through associated depreciation. Higher new device prices bring greater levels of depreciation as highlighted by the iPhone X; the average trade-in value of this super-premium device in 2017 ($614.62) means it had lost nearly 40% of its value in just 2 months following its launch.

“Operators and retailers need to be aware of the risks tied to the fluctuation in used device values–especially as it can often mean cash scrubbed from their bottom line. The devaluation of the iPhone X underlines the importance to these stakeholders of having real-time device valuation data, according to age and condition, at their fingertips. This will allow them to offer correct valuations for used devices at the point of upgrade, and can trigger these upgrades at a time when maximum value for old devices can be recovered,” added Nair.

By analyzing new device entry price points, competitive market trends along with historical performance, HYLA Mobile provides operators, retailers, OEMs and insurance companies with a comprehensive view of device values. The SaaS-based HYLA Analytics platform, with built-in market insights, planning, simulation and evaluation capabilities, enables companies to propose the optimal pricing for trade-in and upgrade programs, ensuring that they remain a profitable customer retention tool.

HYLA Mobile’s Mobile Trade-In Industry Trends 2017 Annual Summary infographic is available to download here: http://contacts.hylamobile.com/mobile-trade-in-industry-trends-2017-annual.


About HYLA Mobile
HYLA, Inc. (“HYLA Mobile”) is one of the world’s leading providers of mobile device trade-in and reuse solutions, backed by Venture Capital firms Kleiner, Perkins, Caufield & Byers, Silver Lake, OpenAir Equity Partners, RRE Ventures, SJF and NGEN. Since its founding in 2009, HYLA Mobile has worked to develop technology and solutions that extend the lifecycle of mobile devices to build economic opportunity and enable information access for new users, while helping to protect our planet.

HYLA Mobile partners with leading wireless carriers, retailers, OEMs, insurers, and online brands to provide lifecycle management for used mobile devices. HYLA Mobile extends the life of these devices to consumers around the world, providing access to affordable, high-quality wireless technology in developed and emerging markets.

HYLA Mobile has completed more than 46 million mobile device trade-ins since its founding in 2009. To learn more about how HYLA Mobile is changing the way people think about used mobile devices, visit www.HYLAMobile.com.

Press contact
CCgroup PR
Nicole Louis
HYLA@CCgroupPR.com
+44 (0)203 824 9200

Have any Question or Comment?

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

::::::::::::::::::::::::::::::::::6733:::::::::::::::::::::::::::::::::;;

:::::::::::::::::::::::::::::925:::::::::::::::::::::::::::::::

TRIO STEEL IS ONE OF THE MOST TRUSTED BRAND AND LEADING EXPORTER AND SUPPLIER OF CARBON STEEL, ALLOY STEEL & STAINLESS STEEL PIPES & PIPE FITTINGS MATERIAL. Triosteel is one of the leading Suppliers and Exporters of API 5L Pipe in Singapore. Triosteel also Exports to many countries like Indonesia, Iran, Saudi Arabia & many more. An API 5L pipe is manufactured by adhering to the specifications laid down by the International Organization for Standardization (ISO) 3183.

2780

buy! buy! CHEAP! Telefonie VoIP CHEAP! buy! buy! CHEAP!

2781

buy! buy! CHEAP! Telefonie VoIP CHEAP! buy! buy! CHEAP!

——————————————–

For the 2012 MLB period, we found an totals forecast Joao’s Renowned Over/Under João Zorro Gonçalves, Zcode Totals Pro, System of the time with progressions that have been successful over 98 98% ... We eventually perfected our over/under program ( Zcodesystemexclusive ), although it h-AS has brought years of investigation. Five Steps to Making a Winning MLB Method: 1. Execute appropriate cash management tools. 2. MLB rules that are comprehend. 3.Extensive testing back to make sure successful longterm results ...

——————————————–

There is always a challenge when you're dealing with the Foreign Exchange Market. That's just the nature of the beast. The best thing you can do is to learn about how the market operates as a whole so that you will be ready to meet these challenges. iq option penipu Never be misled by any profit gains in binary options. This is the number-one way traders end up losing their money and ultimately failing. Remember that the same things that make you laugh can make you cry in this market, and you can lose that $700.

——————————————–

Learning Polish has never been this fun and easy as with our podcasts Learn Polish with Polishpod101 Start today and become conversational in Polish in no time

——————————————–

The Best Website Agen Poker Resmi www.sakupoker.com Terpercaya come join

——————————————–

Do you need edmonton phone systems service ? Call complete communications today!

——————————————–

High-tech solutions for easy start-up of your IPTV/OTT-business

——————————————–

——————————————–

If you want to purchase not only one item, you have a chance to enjoy privileges. There is a sale’ tab on the site which offers a fantastic range of reduced counterfeit watches and accessories, such as sunglasses, cufflinks, watch straps and pens. Luxury Jewelry Replica At MCA.MN On Sale You get a 5% discount if you buy two pieces, this discount increases to 10% if you buy 4 pieces or more. There is free international shipping on all orders on this site. We also offer customers a free return anytime with a 100% money back guarantee.

——————————————–