As the smartphone market evolves, Apple is betting big on artificial intelligence (AI) to persuade users to upgrade their iPhones.
The trend is clear: more people are holding onto their older phones longer, and the secondary market for used smartphones is booming.
According to the research firm IDC, shipments of used smartphones increased by nearly 10 percent in 2023, reaching 309.4 million units, up from 282.6 million the previous year. For many users, a good phone remains just that—good enough.
