Refurbished Smartphone product sales Grew by 13 Percent Globally in 2017: Counterpoint
Counterpoint Research on Wednesday launched its latest report from its Refurbished Smartphone Tracker for 2017. In accordance with the tracker, the global marketplace for refurbished smart phones expanded by 13 percent Year-on-Year (YoY) in 2017, with a total level of 140 million products. The study company notes that, in contrast, the worldwide marketplace for brand new smartphones grew by only 3 percent YoY in the same time period.
According to the report, about 25 % of all of the pre-owned smartphones are offered into industry. More, just some of these units tend to be refurbished. Apple and Samsung are the significant players in international refurbished market, with a combined share of near to 75 percent. As well as that, those two OEMs control of 80 percent associated with the entire income available in the market.
Commenting on this important trend, analysis Director, Tom Kang, stated, “With 13 per cent growth, refurbished smart phones are actually close to 10 % of this total worldwide smartphone market. The lower growth of the latest smartphone market in 2017 may be partially attributed to the development of refurb marketplace. The slowdown in development has made two-year-old flagship smart phones comparable in design and features most abundant in current mid-range mobile phones. Therefore, the middle low-end marketplace for brand-new smartphones has been cannibalised by refurbished high-end mobile phones, mainly Apple iPhones and, to a smaller extent, Samsung Galaxy smart phones.”
More, Research Director, Peter Richardson, noted, “It’s a surprise to numerous that the quickest growing smartphone marketplace in 2017 had not been India or other rising marketplace, but the refurb market. With refurb smartphones in play we think the market for new devices will slow more in 2018.”
Mr. Richardson, included, “areas witnessing the highest amount range from the United States and European countries. As the quickest growing markets for refurbs feature Africa, SE Asia and Asia. All have now been witnessing projects from the major operators (e.g. Verizon, Counterpoint Research Refurbished Smartphone Tracker 2017 programs Stellar Growth in 2017 etc.), OEMs (e.g. Apple) and significant distributors (e.g. Brightstar) that incorporating full life-cycle services. The industry uses information analysis to anticipate future selling values of devices, which means customers could be provided a guaranteed buy-back price at various points in their ownership. This can help consumers to control the high price of modern flagship smartphones – or at the very least to obtain a good share to partly offset the price of their next phone.”
Published at Thu, 08 Mar 2018 12:37:53 +0000