Amidst the coronavirus pandemic, for how long do you plan to keep your phone?

Amidst the coronavirus pandemic, for how long do you plan to keep your phone?
People have been keeping their phones longer even before the COVID-19 pandemic struck the global economy like a ton of, well, coronaviruses. Ever since US carriers decided to stick up for themselves and pad their bottom line by removing the smartphone price subsidies that the late Steve Jobs got them into with the OG iPhone, ownership duration has been shooting up.

Just a few years ago, you could get a $600 phone for $200, as long as you signed up for a two-year carrier plan. How long did people keep their phones then? You guessed it, about two years on average.

The carriers balked at the subsidies, which were eating into their margins significantly but the iPhone was so popular that they just couldn't shake the practice until there was more competition and added network value services. When people saw the true price of their phones, the average length of using one and the same phone jumped from two to three years.

Has the coronavirus pandemic changed your phone-buying plans?


The moral of the carrier subsidy story is that when phone prices are reaching deeper in your pockets, you also tend to spread that cost over a longer period of time. As you can see from our quick chart below, there's never been a time with more expensive phones than now. We though that the iPhone X at $999 was scandalous, and now we are sitting at just below $1600 at the top end with phones like the Galaxy S20 Ultra.


Don't even get us started on the $999 OnePlus 8 Pro that was just announced, as its also a record price tag for the value-for-money brand. The phone makers CEOs are explaining the record 2020 pricing with the high price of 5G components and multi-lens camera kits, and, indeed the average bills of materials have risen exponentially in the last two years as well.

With the coronavirus crisis that is engulfing the globe, however, and all those stay-at-home orders, we might have to postpone our purchases of new phones, and keep our current ones longer, and the race to the $1500 phone may not have come at a worse moment. 

Moreover, 5G is all fine and dandy, but the networks won't be built out in their earnest to replace 4G LTE until 2023 or so, so if you get the OnePlus 8 5G, for instance, it will be a good while until you take full advantage of it. This is why we wanted to ask you for how long do you plan to keep your current phone, or any new phone you buy?

For how long do you plan to keep your phone?

Less than a year
22%
For at least two years
39.93%
For at least three years
25.72%
Four years or more
12.35%

Related phones

8 Pro
  • Display 6.8 inches
    3168 x 1440 pixels
  • Camera 48 MP (Quad camera)
    16 MP front
  • Hardware Qualcomm Snapdragon 865, 8GB RAM
  • Storage 128GB, not expandable
  • Battery 4510 mAh
  • OS Android 10
Galaxy S20 Ultra 5G
  • Display 6.9 inches
    3200 x 1440 pixels
  • Camera 108 MP (Quad camera)
    40 MP front
  • Hardware Qualcomm Snapdragon 865, 12GB RAM
  • Storage 128GB, microSDXC
  • Battery 5000 mAh
  • OS Android 10
    Samsung One UI
iPhone 11 Pro Max
  • Display 6.5 inches
    2688 x 1242 pixels
  • Camera 12 MP (Triple camera)
    12 MP front
  • Hardware Apple A13 Bionic, 4GB RAM
  • Storage 64GB, not expandable
  • Battery 3969 mAh
  • OS iOS 13.x

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