Why Americans are sticking with older phones

Source: https://www.wsj.com/articles/upgrade-no-thanks-americans-are-sticking-with-their-old-phones-1540818000

Americans are holding on to their smartphones for longer than ever.

Pricier devices, fewer subsidies from carriers and the demise of the two-year cellphone contract have led consumers to wait an average of 2.83 years to upgrade their smartphones, according to data for the third quarter from HYLA Mobile Inc., a mobile-device trade-in company that works with carriers and big-box stores. That is up from 2.39 years two years earlier.
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