As India's smartphone market grows, sale of pre-owned phones on the rise

OLX reports 40% growth as pre-owned phone market thrives in India

With more and more Indians aiming to own high-end smartphones, the pre-owned smartphone market is booming. On the online trading platform OLX, the average selling price (ASP) of a pre-owned smartphone has jumped from Rs 9,000 to Rs 11,000 in just one year, the company said on Saturday in a press release. Millions of users, across India, prefer to buy second-hand smartphones as desired features would be available at affordable prices. 

Such second-hand phones are traded on several platforms such as OLX, Quickr and others. According to the OLX report, almost 14 million mobile phones and accessories listings in the