Refurbished smartphones are sold worldwide. Thus, customers can buy phones that have been refurbished according to certain standards at a more affordable price than new. These phones are repaired by manufacturers to make them look and work like new. Now, a new report on refurbished smartphones shows that customers are showing interest in these phones in 2021.
15 PERCENT INCREASE! “WHEN PRICES ARE HIGH TO CONSUMERS…”
According to Counterpoint’s report, the global refurbished smartphone market exceeded expectations and grew by 15% compared to 2020. Latin America and India were the countries with the highest growth rates, with 29 percent and 25 percent, respectively. “While prices for new flagship smartphones remain high, a larger proportion of consumers are considering buying refurbished models from popular brands like Apple and Samsung,” the company said. said.
APPLE AND SAMSUNG IN THE FIRST TWO
Apple and Samsung took the top two places. Apple was expressed as the most popular smartphone brand in the renewed market after Samsung.