BW Businessworld
Global Refurbished Smartphone Market Fell 9% in 2020: Counterpoint Research
All major countries and regions showed a decline for the full year of 2020, mainly due to COVID-19.
Photo Credit :
According to the latest report by Counterpoint Research, the global refurbished smartphone market fell 9% YoY in 2020. The market saw a dramatic 16% decline in the first half of 2020 compared to the first half of 2019. It rebounded slightly in the second half of 2020 due to increases in new device sales and a very strong Apple iPhone launch cycle which helped the supply of devices in the secondary market. All major countries and regions showed a decline for the full year of 2020, mainly due to COVID-19.