Luca Barberis

Do customers buy again on replacement cycles?

№ 132 · Repeat purchase rate by year

01

Definition

MetricShare of a device cohort that buys another device, by years since first purchase

Unit% of cohort purchasing a further device within N years

Bar chart of % of buyers who buy a second device within N years. Build by tracking customers across product purchases. Brand strength signal; declining repeat rate = brand erosion or churn. Example: 28% of buyers purchase a second device within 3 years.

02

Benchmarks

Bottom 30%MedianTop 30%
Under 10% within four years15% to 25% within four years30% or more of a cohort repurchasing within four years

Consumer connected devices with a three to four year replacement cycle, global, 2024 to 2026. Anchored on observed device age at trade-in and platform loyalty rather than on a published cohort repurchase table. · Sources disagree sharply and the disagreement is definitional, not factual. Published replacement cycles range from 2.4 to 4.1 years because they measure different things: Assurant measures the physical age of devices turned in through trade-in programmes, Counterpoint and IDC derive a cycle from installed base divided by shipments, and survey data captures stated intent. A cohort repurchase rate is different again, since it requires the same identified customer to buy from you rather than from the category. Almost no consumer hardware brand publishes it, which is why confidence is low. Platform loyalty figures around 87% describe intent to stay on a platform, not a measured repurchase, and should not be substituted for the cohort number.

By category
CategoryBottom 30%MedianTop 30%
iPhone cohorts, device age at turn-inAbove 4.0 years3.76 years in Q4 2025Turn-in under 3.5 years
Android cohorts, device age at turn-inAbove 4.5 years4.1 years in Q4 2025, first category above four yearsTurn-in under 3.8 years
All smartphones, US trade-in programmesAbove 4.0 years3.83 years full-year 2025, 3.81 years Q1 2026Under 3.6 years
03

When it looks bad

The year two and year three bars sit near zero and the year four bar fails to recover, so the cohort never comes back and every period's revenue has to be bought new at full acquisition cost.

Of a 12,000-unit cohort, 2% repurchase by year two, 4% by year three and 7% by year four, against a category replacement cycle just under four years.

04

What to do about it

  • Time the upgrade offer to the cohort's own age curve rather than the marketing calendar. Devices come back at roughly 3.8 to 4.1 years on average (Assurant), so a year two upgrade push spends against a cohort that is not ready to move.
  • Run a trade-in programme with a visible residual value rather than a discount. US trade-in returned $6.4bn to consumers in 2025, up 42%, and promotion-heavy quarters measurably pulled iPhone turn-in age forward to 3.76 years, which is the mechanism working in public.
  • Keep the device inside the ecosystem between purchases through software updates and service, because platform loyalty near 87% (CIRP) is what converts a long replacement cycle into a repeat sale for you rather than a lost customer to the category.
  • Register serial numbers at activation and tie them to an account. Without registration the repeat bar cannot be measured at all, only inferred from category replacement cycles, which is how most brands end up with no cohort chart.
05

Sources

  1. AssurantQ4 2025 and full-year Mobile Trade-In and Upgrade Industry Trends Report · 2026 · US mobile trade-in programme volumes, tracked since 2015 US consumers received over $6.4bn in value through trade-in programmes in 2025, up 42% year on year and the largest annual total since tracking began in 2015. In Q4 2025 average iPhone age at turn-in fell slightly to 3.76 years while Android devices passed four years. assurant.com ↗
  2. AssurantQ1 2026 Mobile Trade-In and Upgrade Industry Trends Report · 2026 · US mobile trade-in programme volumes Average age of traded-in devices held at 3.81 years against 3.83 years for full-year 2025, on the industry's most active quarter on record by volume and value returned, at $1.63bn, up 31% year on year. assurant.com ↗
  3. AssurantMobile trade-in and upgrade data trends, annual infographic · 2026 · US trade-in and upgrade programme devices For the first time in any smartphone category, average Android device age at turn-in passed four years, reaching 4.1 years in Q4 2025. assurant.com ↗
  4. AssurantQ2 2025 Mobile Trade-In and Upgrade Industry Trends Report · 2025 · US mobile trade-in programme volumes Average age of devices returned through trade-in reached an all-time high of 3.88 years against 3.7 years a year earlier, with $1.34bn returned to consumers, up 60% year on year. assurant.com ↗
  5. Assurant, via Business WireQ1 2025 Mobile Trade-In and Upgrade Industry Trends Report · 2025 · US mobile trade-in programme volumes Average device age reached a then record high of 3.82 years with $1.24bn returned to consumers, a 40% increase year on year, while turned-in devices trended toward newer models. businesswire.com ↗
  6. Axis Intelligence, citing CIRP and Apple SEC filingsiPhone Statistics 2026: Revenue, Market Share and the Replacement Cycle · 2026 · CIRP survey panel plus Apple Form 10-K and 10-Q disclosures CIRP put iPhone platform loyalty at 87% in the March 2026 quarter with 12% of new buyers arriving from Android. Moving an average replacement from 2.6 to 2.8 years cuts the sustainable annual replacement rate by roughly 7% with no change in user numbers. axis-intelligence.com ↗
  7. Counterpoint Research, reported via BigGo FinanceUS smartphone replacement cycle nears four years · 2026 · Global smartphone installed base and shipments The global average replacement cycle peaked at 43.4 months in 2023 and held near 43 months the following year, with performance plateau and price increases named as the two decisive factors extending it. finance.biggo.com ↗
  8. SellCellHow Often Do People Upgrade Their Phone? (2026 Statistics) · 2026 · Compilation of survey and industry data, citing Assurant among others Global average replacement cycle length reported at 3.5 years for 2025, with 40.4% of people upgrading every two to three years and 75% citing battery degradation as the trigger. Aggregator source, used only to corroborate the range. sellcell.com ↗
  9. EightxAverage CAC Payback by DTC Vertical 2026 · 2026 · Cross-vertical DTC benchmark set citing Optifai (n=939) and StoreHero Electronics was the category whose payback extended most in 2025 to 2026, as one-time purchase economics met rising CAC with no frequency lever. A second-purchase rate moving from 22% to 35% within 90 days shortens payback faster than any CAC optimisation. eightx.co ↗