Average age of smartphones turned in through trade-in and upgrade programs has broken the 3.5-year threshold

New york--(business wire)--assurant (nyse:aiz), a leading global business services company that supports, protects and connects major consumer purchases, today revealed that consumers are continuing to hold on to their smartphones for longer, with the average age turned in through trade-in and upgrade programs crossing the 3.5 years mark for the first time. $767 million was returned to us consumers in q2 2022 through mobile device trade-in programs which is a 34% increase from the same quarter
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