The smartphones are becoming increasingly expensive and some topping $1,000. Customers saving hundreds of dollars for buying an older version of the smartphone, with mostly same features and cashing in by trading old phones for new ones.
With the price of latest smartphones pushing $1,000, the second-hand market is picking up. One of the smartphone users from the US, Shante Wilkerson is looking for a used phone for her mom at a good price, so she is looking to save probably $200.
Many carriers and sites like Glyde and Gazelle are selling refurbished phones, like Samsung Galaxy S7 under $200 which is quite affordable and half the price of new one. NerdWallet Writer, Kelsey Sheehy said, “The other big aspect is storage capacity, user get a lot more storage if they preferred used phone option.” Apart from this, if user planning to upgrade an older model, the user can make some money from this thing too using sites like flipsy, which allows selling an older version of a phone.
Experts say, before selling the smartphone on such sites make sure the device is no longer under contract as well as unlink all the accounts such as Facebook and e-mail from the phone and finally suggesting performing the factory reset to wipe away any stored data.