New Delhi: Apple- everyone Samsung Want to buy flagship phones. But because of the high cost, they are out of the budget of many people. Lots of people in such situations Refurbished Fulfill the desire of flagship smartphones by buying phones. In particular, the market for refurbished smartphones has seen record-breaking growth. Statistics show that people around the world are buying refurbished phones. According to the report, demand and supply in the global secondary smartphone market has increased in 2021. Surprisingly, shipments of new smartphones increased by 4.5 per cent in 2021, while the volume of refurbished smartphones increased by 15 per cent.
According to the report, consumers were told more benefits of choosing Pre Owned Devices. Consumer awareness about the certified, pre-owned options, quality checks and warranty options of refurbished smartphones has increased throughout the year. Apple It has become the secondary smartphone market leader.
People in these countries are buying a lot of refurbished phones:
Commenting on the growth of Pre Owned Devices and Refurbished Volume, Glenn Cardoza, Senior Analyst, said, “Refurbished smartphones are a part of Pre Owned Devices. Developing markets are seeing an increase in the refurbished smartphone market.
Largest growth in Latin America and India:
Latin America and India are leading with high growth rates of 29% and 25% respectively. The United States, China, and European regions have seen significant volume growth since 2020. Markets in India and Latin America have seen high growth rates in 2021, with the highest potential growth in the next few years. In 2020, there was a shortage of supply in the secondary market due to Covid-19 lockdown and other supply chain disruptions. But in 2021, the market made a comeback.