First published on www.cnbc.com
The surge in demand for older accessories is being driven by what Fathollahi calls a conversion period.
“Years prior, people were switching from a flip phone to a smartphone—that was the adoption period, not conversion,” Fathollahi said. “Now, everyone owns smartphones and it’s device upgrades that are driving sales.”
Two-thirds of mobile subscribers own smartphones, according to media research firm Nielsen. That means more customers upgrade to newer smartphone models than buy one for the first time.