Refurbished Smartphone Market Growth Slows to 1 Percent in 2018

the worldwide marketplace for refurbished smartphones slowed to at least one percentage 12 months-over-yr (YoY) increase in 2018, accomplishing close to 140 million devices, Counterpoint research stated on Thursday.

consistent with Counterpoint's "Refurbished telephone Tracker", the secondary industry slowed due to the 11 percentage drop in new telephone income in key deliver nations like China and the usa. The drop in new tool income caused a decline in devices flowing into the secondary market.

Samsung and Apple endured to dominate the refurbished market with 70 percentage share whilst Huawei is growing in recognition, specially in South East Asia.

"america and China markets noticed lower upgrade cycles in 2018, which affected the glide of devices into the secondary marketplace. in addition, China and US exchange tensions held up gadgets in customs an awful lot longer than ordinary. This changed into particularly actual all through the primary 1/2 of the yr," Tom Kang, research Director at Counterpoint studies, said in a assertion.

better percent of refurbished gadgets were bought with assurance.

This greatly enables triumph over purchaser hesitancy to buy refurbished gadgets, the marketplace studies firm introduced.
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