Apple maintained its lead within the secondary smartphone marketplace at the same time as Samsung made positive aspects.  Buyer consciousness about refurbished units, qualified pre-owned possible choices, high quality assessments within the secondary markets and guaranty choices additionally higher all through the yr, contributing to this expansion.

“Refurbished smartphones are part of general pre-owned units which re-enter the gadget thru more than a few routes. Industry-ins are the fastest-growing supply for such pre-owned smartphones, the quantity of which grew greater than 10% globally in 2021. We’re seeing a year-on-year build up in volumes amongst refurb gamers in growing markets like China, India, Latin The usa, Southeast Asia and Africa,” Glen Cardoza, senior analyst at Counterpoint Analysis stated in a press observation.

The Latin American and Indian markets lead with the absolute best expansion charges at 29 according to cent and 25 according to cent respectively. Even the American, Chinese language and Eu markets displayed sturdy expansion in quantity from 2020. The Indian and Latin American markets even have the absolute best doable for expansion over the following couple of years.

Call for was once curtailed in 2020 because of provide shortages coming up from Covid-19 lockdowns and different provide chain disruptions however the brand new figures display that the marketplace roared again to lifestyles in 2021.

Flagship telephones, particularly the most recent ones, had the absolute best point-of-sale costs in India and Latin The usa, with the secondary marketplace providing consumers the chance to buy one-to-three-year-old flagships at Reasonable Promoting Worth (ASP) 40 to 70 according to cent not up to new variations.