15% increase in sales of refurbished smartphones in 2021

15% increase in sales of refurbished smartphones in 2021

15% increase in sales of refurbished smartphones in 2021

A refurbished smartphone is a device that is returned to the manufacturer and tested for internal and external condition. Finally, they repair it so that the said smartphone can be used again. A few days ago, Samsung added the Galaxy S21 5G, Galaxy S21 Plus 5G and Galaxy S21 Ultra 5G to its Re-Newed series of refurbished phones available from its online store. Apple and Samsung are among the smartphone manufacturers that will be happy to sell you a refurbished model.

PhoneArena writes, citing a report published by Counterpoint, statistics show that sales of refurbished devices increased from 4.5% to 15% last year. . Increased consumer demand for 5G phones is said to have helped sales of refurbished models last year.

With global shortages of chips and other components, Counterpoint says some global retailers known for selling new devices are increasingly They offer refurbished phones so they can continue production.

  • Apple begins selling refurbished iPhone 12 and iPhone 12 Pro models

Counterpoint data shows Latin America It has had the highest annual growth in the sale of refurbished devices with a 29% increase last year. India, the second-largest smartphone market, came in second with 25% year-on-year growth. China also has the largest market for refurbished phones, but its annual revenue growth was only 10% last year. The United States had the third largest year-over-year growth, up 15 percent.

Apple is the most popular smartphone brand in the refurbished market, followed by Samsung. Counterpoint says the aftermarket for refurbished products allows consumers to access some of the most popular models at prices that are up to 60 percent off.

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