Shocking spike! Buying a refurbished iPhone 13 Pro, iPhone 13 Pro Max? Read this

iPhone 13 Pro and iPhone 13 Pro Max have seen a sudden increase in demand following the launch of the iPhone 14 Series. Apple took the wraps off its latest flagship series at an event held on September 7 where the tech giant announced four iPhone models. The iPhone 14 and iPhone 14 Plus have received a lukewarm response from the public due to the devices being largely the same as last year's iPhones.

Apple discontinued the iPhone 12 Mini, iPhone 13 Pro and iPhone 13 Pro Max following the launch of iPhone 14 and customers are now looking towards the refurbished smartphone market. That, coupled with the demand for cheap, but premium, 5G enabled smartphones has resulted in a huge demand for the iPhone 13 Pro and iPhone 13 Pro Max in the refurbished market.

A latest market research report by Counterpoint Research has revealed that the iPhone 13 Pro and iPhone 13 Pro Max have seen a huge upturn in prices due to their increasing demand. According to Counterpoint Research, the increased usage of 5G has played a major key role with people shifting to more 5G enabled devices such as the iPhone 13 Pro and iPhone 13 Pro Max, while the 4G LTE devices are quickly losing their value. The demand has especially been higher in the US with the 5G network already established in the country and people are looking to buy 5G smartphones to take advantage of higher data speeds.

Apple is the global leader in refurbished smartphones and has seen a huge drop in prices for older models such as the iPhone 12, iPhone 11 and iPhone XR, partly due to these devices not being 5G enabled. The price of refurbished iPhone 8 has dropped as much as 38 percent, according to the report. On the other hand, the prices of the iPhone 13 Pro and iPhone 13 Pro Max have risen by 11 percent post iPhone 14 series launch.