Stu Woo
Appearances
WSJ What’s News
Auto Stocks Drop as Trump Plans 25% Tariff on Car Imports
If you buy a secondhand phone, you pay a third of the price, maybe half the price for a phone that's pretty similar to a brand new one.
WSJ What’s News
Auto Stocks Drop as Trump Plans 25% Tariff on Car Imports
Apple and Samsung release these new phones every year and people are thinking, oh, you know, these new updates are pretty marginal. I can't really tell the difference between this phone and one that's one or two years old. If you buy a secondhand phone, you pay a third of the price, maybe half the price for a phone that's pretty similar to a brand new one.
WSJ What’s News
Auto Stocks Drop as Trump Plans 25% Tariff on Car Imports
And then I think the other thing is phones are just flat out lasting longer. So you can actually hold on to your phones for three, four, five years and they'll survive.
WSJ What’s News
Auto Stocks Drop as Trump Plans 25% Tariff on Car Imports
Well, it just gives them more options to sell things. Apple would rather have them buy a used Apple phone rather than a used phone from Samsung or everybody else. So it's just keeping them in the ecosystem. If you're a phone carrier, you want to offer a refurbished phone maybe to lure someone from a different carrier at a cheaper price.
WSJ What’s News
Auto Stocks Drop as Trump Plans 25% Tariff on Car Imports
So that just gives you more options to try to win over a customer or retain a customer.