
More than $2bn returned to US consumers through mobile device trade-ins in 2020
A year ago as the major economies were closing down and sending people home to work and learn, there were major fears that the Covid-19 pandemic would have a huge impact on the global smartphone and secondary device markets, as well as retail shutdowns, but research from HYLA has revealed that money returned to US consumers via trade-ins fell by just 11% in 2020.
HYLA releases data on mobile device trade-in trends both on a quarterly and annual basis. By combining live market data with data from its analytics platform Device IQ, trends are identified on the trade-in value of