New Delhi, Aug. 10 -- If you're looking to join the iPhone bandwagon with a (cheap) used device that better suits your pocket, you're in for some disappointment. Turning the mantra of depreciation on its head, refurbished iPhones are actually getting more expensive as they get older.

For instance, a two-year-old iPhone 15 is now selling for around Rs.48,000 on refurbished-phone platforms, Mint research across refurbished smartphone platforms such as Cashify, ReFit and ControlZ showed.

That is nearly twice the Rs.25,000 that a similarly aged iPhone 12 cost three years ago. More strikingly, a used iPhone 12 is available at about the same price even today, despite having been launched six years ago.







The unusual price behaviour refle...