Here’s what happens when you trade in your iPhone

Theoretically, trade-in programs save iPhones from ending up in a landfill or sitting in a drawer. But trade-in programs also generate a nice amount of money.
Apple’s iPhone 14 and iPhone 14 Plus
Joanna Stern for The Wall Street Journal:Analyst firm IDC calculates that over 282 million secondhand smartphones shipped in 2022. (Those include refurbished and just plain used.) While that is substantially less than the 1.2 billion new smartphones shipped that year, IDC projects the secondhand m