The demand for second-hand smartphones is on the rise, prompting brands and seller platforms to prevent old devices from reaching the unorganised market. Refurbished smartphone seller ReFit Global anticipates a 16% growth in the industry in 2024, following a 15% growth in 2023. E-commerce platforms and smartphone brands are collaborating with refurbishing companies to sell old devices directly, streamlining the process and preventing leakages.
Refurbished Smartphones: “Earlier, there used to be a bidding process to procure old devices from platforms. Now almost all of them are trying to make this a much more organised process,” said Saket Saurav, co-founder and CEO, ReFit Global, a refurbished smartphone seller.
Beating the trend, Apple s shipments increased by 19% YoY during the quarter. Apple is still seeing a strong demand for the iPhone 13 and 14 series, adding to the demand for the newly launched 15 series, according to the report.
Southeast Asia’s smartphone shipments declined 2 per cent (year-on-year) but increased 3 per cent on quarter in Q3, signalling a recovery in the smartphone demand.
Southeast Asia's smartphone shipments declined 2 per cent (year-on-year) but increased 3 per cent on quarter in Q3, signalling a recovery in the smartphone demand.According to Counterpoint Research, Tecno, Infinix and Apple emerged as the .