Smartphone Sales: ReFit Global and Cashify are among the sellers of refurbished phones and devices that are also expecting a sharp increase in top line during the festive season - set to start next month - on the back of burgeoning demand for high-end smartphones.
The market for refurbished smartphones and electronic devices in India is expected to see 18% year-on-year revenue growth during the upcoming festive season, surpassing the growth of new phones, which is predicted to be around 7%. Refit Global and Cashify, sellers of refurbished phones and devices, anticipate a significant increase in revenue during the festive season. Cashify plans to aggressively promote its products during Diwali and aims to double its revenue from last year.