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Apple’s iPhone accounted for 49% of the refurbished phone market

In a new report released by market research firm Counter Point, global refurbished smartphone sales grew 5% year-on-year in 2022, although the domestic market fell 17%year-on-year.

Apple iPhone 15

The following key figures to the report:

  • Apple captured 49% of the global refurbished smartphone market in 2022, up 16% year-on-year.
  • Samsung’s share drops from 28% in 2021 to 26% in 2022.
  • The shift of some Android consumers to the iOS platform in 2022 has impacted Samsung’s refurbished sales. This trend will continue in 2023.
  • Samsung is next with a share of 26%.
  • India has the highest year-on-year growth rate at 19%, followed by Latin America at 18%.
  • 5G The share of refurbished phones continues to climb, accounting for 13% of global refurbished sales.

Demand for refurbished phones is mainly from:

  • New smartphone buyers (mature markets)
  • Feature phone users switching to smartphones (emerging markets)
  • Unofficial channels that rely on C2C or used goods

Channels supplying refurbished phones are mainly from:

  • Refurbished smartphone retailers (fastest growing)
  • Operators have started to offer refurbished options, but mainly for mature markets
  • OEMs are starting to collect and resell refurbished smartphones

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Threza Gabriel
Threza Gabrielhttps://www.techgoing.com
Threza Gabriel is a news writer at TechGoing. TechGoing is a global tech media to brings you the latest technology stories, including smartphones, electric vehicles, smart home devices, gaming, wearable gadgets, and all tech trending.

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