|At a global level, eBay notes Deloitte Global claims used smartphone sales will generate their owners more than $17 billion.|
With new smartphones such as the Samsung Galaxy S7 hitting the market, eBay says consumers can use its "How much is your smartphone worth on eBay?" tool when trading in the old for the new.
"With Samsung releasing the Galaxy S7 smartphone this week, and Apple rumoured to follow with the iPhone 7 release in the near future, now is the perfect time for Aussies to sell their older models to fund the upgrade," Mark Bulgin, eBay head of electronics and emerging technology, commented.
"With so many Australians on contracts, it is sometimes hard to know how much your phone is worth. The easy-to-use eBay 'How much is your smartphone worth on eBay' widget gives consumers an idea of what amount they can receive for their handset.
"For example, the average selling price of the Apple iPhone 6s has only fallen $50 since September 2015 and is still fetching over $875 for a single handset, whilst a Samsung Galaxy S6 is fetching around $526."
In 2015, eBay stated that nearly 485,000 mobile phones and over 11.4 million mobile accessories were purchased by Australians via eBay.
The top five best-selling mobile handsets are: the iPhone 5 and 5s, iPhone 6 and 6 Plus, Samsung Galaxy S6, iPhone 4s, and Samsung Galaxy S5.
"Apple, Samsung, LG, HTC and Nexus were the most searched mobile phone brands of 2015," Bulgin commented.
Noting that the Samsung Galaxy S7 "is arguably the most talked about model of 2016", Bulgin stated "iPhone owners can be confident that there is an appetite for new and used iPhones, with 10 million searches for the iPhone compared to 4 million for Samsung smartphones in 2015".