Subj : Apple sales now make up nearly half of all refurbished phone sale To : All From : TechnologyDaily Date : Wed Apr 26 2023 13:00:03 Apple sales now make up nearly half of all refurbished phone sales worldwide Date: Wed, 26 Apr 2023 11:48:42 +0000 Description: Refurbished phones are growing more popular, and Apple is capitalizing on the trend. FULL STORY ====================================================================== With the rising cost of living and sustainability efforts in full swing, the global smartphone market has struggled to attract new sales. Taking full advantage of the trend is a refurbished smartphone industry thats been steadily growing quarter after quarter - and now, new research is showing Apple as a surprising winner in this new category. Market research firm Counterpoint Research recently released its latest report in which it states that 49% of the secondary smartphone market falls on Apple. The Cupertino giants sales in the refurbished smartphone category grew by 16% year-on-year, compared to 2021, to become the fastest-growing brand in the sector, having had 44% of the market in 2021. India pushing forward Helping propel Apple forward is India, a country in which the growth in the sale of refurbished iPhones is palpable: Apple is a highly aspirational brand in India, and refurbished iPhones give further a lower entry point to these aspirational users in Apples ecosystem, Tarun Pathak, research director, Counterpoint, told TechCrunch. At the moment, india holds about 15% of the global refurbished smartphone market, he added. But its seen a 19% growth year-over-year. As a whole, the market grow 5% this year, compared to 2022. Latin American market grew 18% year-on-year. Read more > Here's how to stay safe buying refurbished smartphones, according to the experts > How to buy a refurbished phone: the promises and pitfalls of going second hand > These are the best refurbished iPhones and prices in the UK now The growth could have been even bigger, the publication states, if the sales of refurbished phones in China didnt drop by 17%. The decline was mostly due to the resurgence of Covid-19 and the subsequent setup of Covid-zero policies, Counterpoint Research says. The global inflation, triggered by Covid-19 and the Russo-Ukrainian conflict, has singificantly increased the prices of all things, smartphones included. At the same time, the push towards a more sustainable future is the strongest its ever been, motivating consumers to move away from new devices and into refurbished phones. Apple is doing a good job tapping into that market, the researchers are saying, with a one-year warranty on the battery and the outer shell for such devices, as well as software support that lasts years. Apple also has different sustainability-oriented initiatives that make iPhones an attractive device. These are the best business smartphones right now Via: TechCrunch ====================================================================== Link to news story: https://www.techradar.com/news/apple-sales-now-make-up-nearly-half-of-all-seco nd-hand-phone-sales-worldwide --- Mystic BBS v1.12 A47 (Linux/64) * Origin: tqwNet Technology News (1337:1/100) .