Mobile device trade-ins rising: Q3 trade-in values continue to increase with a promising Q4 ahead
$569 million returned to U.S. consumers in Q3 2020; more than double compared to Q2 2020
05 November 2020 – HYLA Mobile, the world's leading provider of software technology and services for mobile device returns management and reuse solutions, today revealed that following a volatile first half of the year, mobile device trade-ins are back on the rise. According to HYLA's Q3 2020 trade-in trends insights, $569 million was returned to U.S. consumers thanks to mobile device trade-in programs—an increase of 153% compared to last quarter ($225 million). For the first time, HYLA has also shared its data on trade-ins of wearables during Q2 and Q3 of this year.