No need to upgrade, more Americans are sticking with their old phones

On Monday, Apple released the iPhone SE, a new iPhone that's just like its current iPhone but smaller. It was a modest release compared to the iPhone 6S. But compared to the three-year old iPhone 5S, which the SE is replacing, Apple's new 4-inch iPhone is a major improvement.

ST. LOUIS – Turns out, having the latest and greatest technology may not be worth the price.

A new study from The Wall Street Journal says Americans are waiting longer than ever to upgrade their smartphone. Something iPhone and Android users actually agree on.

Many say keeping up with the latest phone versions is too expensive. Tech experts say the average customer is waiting nearly three years to upgrade.

Apple’s latest iPhone 10s  costs a whopping $1,100. The Samsung Galaxy S9 could cost you as much as $930.