There are a couple of reasons.

The first is the condition of the phone.

“I have the 14 Pro, and Ill probably skip the 16 series.

Someone using an iPhone 16 to learn about a restaurant.

The iPhone 16 has some cool new features, but many consumers won’t upgrade for financial reasons.

CIRP suggests that money has a lot to do with it.

“I just paid mine fully, I dont want to finance another phone for along time.