Refurbished smartphone sales up 15%: Apple market leader

Last year, Apple was the market leader in refurbished phone sales, according to analysts. Also, the global market for refurbished smartphones in 2021 grew faster than the market for new smartphones.

Globally in 2021, the volume of refurbished smartphones increased by 15% year-on-year. By comparison, shipments of new smartphones are only 4.5% higher year-on-year. Counterpoint Research analysts note that new smartphones are getting more expensive every year, so buyers are more likely to choose refurbished models.

Refurbished phone prices are also on the rise

With the increasing demand for refurbished phones, the average selling price of these devices has also increased. Analysts are confident that the refurbished smartphone market will continue to grow in the coming years. While it was stated that Samsung followed Apple in sales of refurbished phones, sales figures were not shared.

One of the main reasons for the growth of this market is the significant increase in the number of companies dealing with the repair and restoration of mobile devices. It was also noted that the laws of different countries put pressure on smartphone manufacturers and force them to make their products more sustainable.