In a time when an iPhone can be preordered, customized, and on its way to your doorstep all through a touch-screen tap, it’s almost quaint to remember that people used to camp out for smartphone releases. That was once the regular routine of Andrew Erickson, a longtime tech YouTuber, who recalled to me with a mixture of nostalgia and awe the time he braved the rain at 4:30 a.m. to join a line for the newest iPhone. The line snaked through the mall, nearly reaching the parking lot.

Next month, when Apple is expected to launch the iPhone 18 Pro, Erickson has no plans to even buy the phone, let alone fight crowds for it. Instead, along with a growing number of Americans, Erickson is buying used. He’s fed up with incremental improvements in gadgets, he told me, and is more interested in getting an old version of the iPhone 17 Pro when it hits the secondhand market at a discount. Already, almost half of his current devices were acquired secondhand, and as electronics prices soar amid an AI-fueled chip shortage, he expects that portion to grow. “The argument’s just getting weaker and weaker to buy brand-new,” he said.

Based on the numbers, old tech products are indeed being looked at in a new light. Globally, the size of the industry could reach $153.4 billion this year, up from $104.1 billion four years ago. The used-smartphone market alone is expected to grow by more than 12 percent in 2026, according to the International Data Corporation, which forecasts that the market for new smartphones will experience a record drop this year. Growth in secondhand electronics and refurbished gadgets that have been restored to full working condition now outpaces that of new products on eBay, the e-commerce giant reports.