Saturday October 19, 2019
Home Business Global Market...

Global Market For Refurbished Smartphones At A Hike

Samsung and Apple continued to dominate the refurbished market with 70 per cent share while Huawei is growing in popularity, especially in South East Asia.

0
//
phones
Higher percentage of refurbished devices were sold with warranty. Pixabay

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

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

phones
Refurbished Smartphone Tracker”, the secondary industry slowed due to the 11 per cent drop in new smartphone sales in key supply countries like China and the US. Pixabay

Samsung and Apple continued to dominate the refurbished market with 70 per cent share while Huawei is growing in popularity, especially in South East Asia.

“The US and China markets saw lower upgrade cycles in 2018, which affected the flow of devices into the secondary market. In addition, China 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, Research Director at Counterpoint Research, said in a statement.

apple
Samsung and Apple continued to dominate the refurbished market with 70 per cent share while Huawei is growing in popularity, especially in South East Asia.
Pixabay

Also Read: IIT And IIS Collaborate To Develop Climate Change Vulnerability Assessment For The Indian Himalayan Region

Higher percentage of refurbished devices were sold with warranty.

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

Next Story

Apple To Launch Foldable Devices By 2021

In 2 years, Apple will launch it's first foldable device

0
Apple's foldable device
First foldable mobile phone device will be in the hands of consumers within 2 years. Pixabay

Apple is reportedly gearing up to launch a foldable device in two years, more likely to be an iPad than an iPhone, analysts at Swiss investment bank UBS have predicted.

According to the consumer survey, more than a third of Apple customers showed interest in paying as much as $600 extra for a foldable iPhone, CNET reported on Wednesday.

Rumours of a foldable iPhone have popped up on numerous occasions over the past few years. Apple has also filed for patents for a flexible display with touch sensors and portions that open and close like a book, as well as a flexible iPhone that could be folded in half and grip a person’s clothes.

Earlier in 2018, the iPhone-maker had secured a patent for a foldable phone that focussed on a flexible hinge and the use of a fabric for its housing.

apple foldable device
Apple’s foldable device likely to be launched by 2021. Pixabay

The Cupertino-based company is also expected to officially announce new iPhones, most likely at a September event.

Also Read: Medicare Uses Breakthrough Gene Therapy to Cover Some Blood Cancers

The company will launch three iPhone 11 models this year. The D43 (internal name) would replace the iPhone XS Max, the D42 (internal name) would replace the iPhone XS and the N104 (internal name) would replace the iPhone XR.

The new iPhone 11 models, replacing the iPhone XS series, would have a triple rear camera setup, with all three sensors placed at the back, the report said. (IANS)