Refurbished smartphone sales 5%, Apple leads
Global refurbished smartphone sales grew 5 per cent (year-on-year) in 2024, as Apple strengthened its leadership, capturing 56 per cent of the sales compared to 51 per cent in 2023, according to a new report
image for illustrative purpose
New Delhi: Global refurbished smartphone sales grew 5 per cent (year-on-year) in 2024, as Apple strengthened its leadership, capturing 56 per cent of the sales compared to 51 per cent in 2023, according to a new report.
In comparison, the market for new smartphones rebounded from a difficult 2023 to grow 3 per cent YoY.
However, following two to three years of consistent growth across regions, 2024 saw the refurbished market reaching maturity, and even stagnation, in some regions, said Counterpoint Research’s ‘Secondary Smartphone Market Report’.
Apple almost single-handedly drove growth in the secondary market in 2024. It was one of only a few OEMs to increase sales in 2024, resulting in its share increasing to 56 per cent.
