Used iPhones favored over expensive new models in Japan

The tumbling value of the Yen against the U.S. dollar has caused secondhand iPhone sales to grow in Japan, as shoppers attempt to seek out upgrades at a lower cost than buying brand new.

Japan's currency has reached a 32-year low compared to the dollar, which is considerably affecting spending habits in the country. Despite being the third biggest economy in the world, Japan's citizens are shifting how they spend their money to be more favorable of secondhand goods, including iPhones.

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