Global sales of used, refurbished smartphones are going up
The total of 225.4 million used smartphones sold worldwide in 2020 represents a 9.2% increase compared to 2019. IDC expects this trend to accelerate, growing over 10% per year to reach 351.6 million used units sold in 2024.
Manufacturers and telecom operators alike are increasingly encouraging consumers to recycle their smartphones rather than keep them unused in their drawers. Opting for refurbished models is better for the environment, is a simple way to extend the life of a product and allows you to save money, since refurbished models are obviously cheaper than new ones.
At the same time, the market for new smartphones is expected to decline by between 5% and 10% in 2020. RGA
Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.