Despite COVID-19, over $2 billion returned to US consumers through mobile device trade-ins in 2020
11 February 2021 – HYLA Mobile, an Assurant company, and the world’s leading provider of software technology and services for mobile device returns management and reuse solutions, today announced results from its analysis of the mobile device trade-in market for 2020. The annual report reveals a total of $2.11 billion was returned to U.S. consumers in 2020 through mobile device trade-in programs. Despite the Coronavirus pandemic having a huge impact on the global smartphone and secondary device markets, as well as retail shutdowns, money returned to U.S. consumers via trade-ins fell by just 11% in 2020 (from $2.378 billion in 2019).