Refurbished Smartphone Market Grows 15% and Exceeds Expectations
Technology

26 April 2022

Refurbished Smartphone Market Grows 15% and Exceeds Expectations

Refurbished Smartphone Market Grows 15% and Exceeds Expectations

The price of high-end smartphones is increasingly high, and many consumers choose to buy refurbished equipment.< /strong>

Forall - Refurbished Apple Equipment with Warranty

New data fromCounterpoint reveals that in 2021 the second-hand smartphone market exceeded expectations , registering a growth of 15% compared to 2020.

Counterpoint indicates that growth is the result of a combination of factors: consumer awareness of more sustainable habits strong>, to the maturation of players in the refurbished smartphone market. Apple continues to lead the second-hand smartphone market, followed by Samsung, but the dynamics between brands are changing.< /span>

As Glen Cardoza, analyst at Counterpoint, explains, ?refurbished smartphones are part of the system of second-hand equipment that comes back into the market. into the system in various ways.? In particular, exchanges assert themselves as the fastest growing source of smartphones, having registereda 10% increasein their volume in 2021.

?We are seeing significant growth among players in the refurbished market in developing regions such as China, India, Latin America, Southeast Asia and Africa?. The expert details that these markets havegreat growth potential.

Latin America and India stand out for having the highest growth rates during the period under analysis, with 29% and 25%, respectively. Even the United States, China and Europe demonstrated strong volumes of growth compared to 2020.

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Looking at the panorama of the European Union, proposals such as the ?right to repair?, approved this year by the European Parliament, have helped to give a ?boost? to the market. The proposal has been studied since 2020 and its main objective is to allow electrical and electronic equipment to last longer, ensuring repairability and avoiding planned obsolescence. The United States is also moving forward with similar measures.

It is possible to begin to observe new behaviors on the part of consumers, where Sustainable Consumption practices are increasingly adopted.< /strong> Technology has assumed an important role in people's lives, which is why consumers have tomake important decisions when choosing a smartphone.

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One ??of these choices is precisely its quality, as we all want to opt for a more affordable smartphonel , but without ever losing quality. Na < strong>Forall, we guarantee quality at a more affordable price. We are concerned with ensuring the satisfaction of our customers through the quality of our products, guaranteeing the maximum quality when using one of our products Apple Refurbished.

Together, we make technology more sustainable and accessible!

Source: SapoTek

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