The curious case of the old iPhone that refuses to get cheaper
The price of a two-year-old iPhone 15 has risen to around ₹48,000 on refurbished platforms, defying typical depreciation trends. This unusual price increase is driven by rising new smartphone prices, strong demand for Apple products, and a shortage of refurbished devices. Consumers now face a choice between older models or significantly higher prices for newer ones, complicating access to the Apple ecosystem.