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Refurbished smartphone market growth slows to 1% in 2018

IANS  |  New Delhi 

The global market for refurbished slowed to one per cent year-over-year (YoY) growth in 2018, reaching close to 140 million units, Counterpoint said on Thursday.

According to Counterpoint's "Refurbished Tracker", the secondary industry slowed due to the 11 per cent drop in new sales in key supply countries like and the US. The drop in new device sales led to a decline in devices flowing into the secondary market.

and continued to dominate the refurbished market with 70 per cent share while is growing in popularity, especially in

"The US and markets saw lower upgrade cycles in 2018, which affected the flow of devices into the secondary market. In addition, and US trade tensions held up devices in customs much longer than normal. This was especially true during the first half of the year," Tom Kang, Director at Counterpoint Research, said in a statement.

Higher percentage of refurbished devices were sold with warranty.

This greatly helps overcome consumer hesitancy to purchase refurbished devices, the market firm added.

--IANS

ksc/vd

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, March 14 2019. 17:20 IST
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