That’s what Apple does with the iPhones we give them.
Refurbished iPhones are a separate business!
thanks to the program apple trade Apple product owners have a convenient, secure and fast option to earn money. After making this exchange, it’s possible for most people to forget what happens next and believe Apple is telling you what’s going on behind the scenes, but now, thanks to a recent study, we can confirm this.
This time Joanna Stern of The Wall Street Journal visited the US Mobile Phones (USMP) warehouse in New Jersey, USA, one of the partners used by leading US carriers. According to the report, USMP processed more than 2.5 million exchange devices last yearand most of them were iPhones. And it’s a business that never stops growing.
Other iPhone factory
According to official figures, 73.5 million cell phones will be recycled in the United States by 2022, most of them are iPhone. Their sale It represents a $64.5 billion business.
The USMP received 3,000 swapped iPhones during his visit. This allowed Stern to continue. Refreshing with iPhone 11A cell phone still worth buying in 2023. It consists of four steps including: data deletion, cleaning, sorting and equipping.
Two-thirds of calls to USMP facilities comply with these steps, and Sold to wholesalers abroad. other third goes to its sister company, Back in the Box, to be cleaned, refreshed and refurbished. Sell to buyers on Amazon or Back Marketfor buyers interested in refurbished iPhones.
In the latter case, Stern indicated the end of the process. The USMP has listed this iPhone 11 at $350 for resale, which is a reasonable profit compared to the $200 trade-in value, but there are other expenses as well.
As Back in the Box CEO Ari Marinovsky explains, although the price gives the consumer a good discount. It also provides the company with a sufficient margin of 10% to 15% to make a profit.
Back in the Box and USMP save up to $100 on this special phone, restoration labor and 10% Back Market deduction profit. So is the prevalence of faulty phones that have to be sold at a loss. But business continues and sales volume manages to offset these disadvantages.
Source: i Padizate
