The refurbished phone market is growing at a really fast pace, according to a new report, and one of the companies to benefit from it is Apple.
iPhones are typically very expensive phones that not everyone affords to buy, but refurbished devices bring nearly the same quality with a major price cut. And this is one of the reasons the market of used phones has posted a growth of no less than 13 percent in 2017, according to CounterPoint Research, getting very close to 140 million units.
And while the used smartphone market grew 13%, the new smartphone biz managed to increase figures by only 3%, which is an indication that the bigger prices of new models, like the iPhone X, pushed more buyers to refurbished devices.
The firm says that only 25% of the pre-owned phones are sold back into the market, and this shows just how much potential this side of the industry could have if… (read more)
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