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Counterpoint: refurbished smartphone marketplace beats expectancies to develop 15% in 2021

The marketplace for refurbished smartphones grew 15% in 2021 in comparison to the yr prior to, outpacing the 4.5% expansion of the brand new smartphone marketplace. Counterpoint Analysis experiences that refurbished gadgets were gaining in recognition amongst customers and smartphone makers alike.

The transfer to 5G driven many customers to improve and, curiously, the upper gross sales of recent gadgets helped spice up the gross sales of renewed gadgets. Many distributors have grew to become to trade-in offers to decrease the acquisition price of recent fashions, which in flip greater the supply of gadgets that may be refurbished and offered once more.


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