Buying A New Smartphone Is A Huge Investment And This New Survey Proves How Americans Are Doing It

Keeping in mind today’s costs of inflation that continue to reach the skies, thinking about investing in big purchases usually puts people in a dilemma.

And that’s especially true when it comes down to smartphones. After all, gone are the days in the US when people could get something in the $1,000 barrier.

Today, plenty of options are up for grabs that come at a price tag that’s greater than that. Moreover, the latest iPhone 15 Pro Max was just launched and many hoped it would come in their budgets. But clearly, that was a far-fetched dream.

The cost nears the $1600 target, including the huge sales tax attached. This goes above and beyond the average earnings for all employees across the US by a whopping 40%. So as you can imagine, Americans really want to make sure they’re doing it right.

With these figures in mind, it’s obvious that most individuals cannot afford to buy new devices, and that might be one of the main reasons behind the ever-so-glistening second-hand market for used devices.

As per the latest findings arising from Statista, most American smartphone users are still purchasing the primary device at a retail price. This includes phones that are loaded with mobile subscriptions which makes them one of the top options worth consideration.

Interestingly, just 5% of the 9500 users of these devices were surveyed and they claim to have made the secondhand purchase. Other than that, 6% also spoke about receiving it as a hand-me-down tradition. So friends and loved ones were kind enough to do the deed.

Whatever the case may be, we’re jotting down what the survey revealed for your absolute benefit and perhaps you can take a pointer or two about the share of smartphone users in the US who actually make the purchase.

Those buying at the retail price were 61%, whereas those getting it as part of mobile subscriptions were just 18%. Hand-me-down traditions comprised 6% while 5% took on the secondhand market approach.

2% did admit to buying from employers and the rest just had no clue.

A total of 9,522 American smartphone users who were between the ages of 18 to 64 took part in the survey from January to December of this year.

How Americans Buy Their Smartphones In 2023

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