What Are The Current Trends In The Refurbished Smartphone Market?

by | Last updated on January 24, 2024

, , , ,

According to recent market research completed by Persistence Marketing Research, the used device market is on the rise from $19.7 billion in 2017 to

$38.9 billion by the year 2025

. Consumers are finding new ways to save money by buying used and refurbished devices.

What is the difference between refurbished and new phone?

A refurbished phone is one which has been returned by a previous owner, before being rigorously tested and repaired to a standard that's

essentially as good as new

. … Refurbished will also always come with a charger or charging cable and a one year warranty, but they won't come in the phone's original packaging.

How big is the refurbished market?

According to recent market research completed by Persistence Marketing Research, the used device market is on the rise from $19.7 billion in 2017 to

$38.9 billion by the year 2025

. Consumers are finding new ways to save money by buying used and refurbished devices.

Which phone is most buy in 2020?

  • SAMSUNG GALAXY Z FOLD 3.
  • IQOO 7 LEGEND.
  • ASUS ROG PHONE 5.
  • OPPO RENO 6 PRO.
  • VIVO X60 PRO.
  • ONEPLUS 9 PRO.
  • SAMSUNG GALAXY S21 ULTRA.
  • SAMSUNG GALAXY NOTE 20 ULTRA.

Are refurbished iphones better than new?

A

Refurbished iPhone will be cheaper in the long run than a brand new iPhone if purchased with a contract

. For example, buying a refurbished iPhone X will cost you less than the brand new version to buy outright in one payment with RefurbMe.

Can refurbished phones be trusted?

Refurbished smartphones are devices that were owned by someone else earlier and have been restored to work at its full potential and working condition by the manufacturer or reseller. … It is

completely safe to buy

these refurbished smartphones from a certified reseller.

Does refurbished mean second-hand?

You could say that

Refurbished and Second-hand are the same

; they have both been used and not bought new. … Refurbished goods are thoroughly tested for quality and function and, if necessary, parts are replaced or repaired. Then the device is cleaned and the data is deleted.

Is it better to buy pre owned or refurbished?

In the majority of cases when buying a second-hand product,

refurbished is the

way to go. The device will have been returned to a close-to-original condition and will be cheaper than a new model too. Certified Refurbished products go a step further, adding a manufacturer's warranty into the mix.

Which Mobile brand is No 1 in world?

1.

Samsung

. Samsung sold 444 million mobile phones in 2013 with a 24.6% market share, a rise of 2.6 percentage points compared to last year when the South Korean giant sold 384 million mobile phones. The company was at the pole position even in 2012.

What is the number 1 selling phone?


Apple iPhone 6

During its production years between 2014 and 2016 it sold around 220 million times worldwide, making it the best-selling in history.

Which Mobile brand is best in 2020?

  1. Apple. Apple is perhaps one of the few brands on this list that needs no introduction. …
  2. Samsung. South Korean company Samsung has always been one of the primary competitors for Apple in India. …
  3. Google. …
  4. Huawei. …
  5. OnePlus. …
  6. Xiaomi. …
  7. LG. …
  8. Oppo.

Is it safe to buy refurbished phones on Amazon?

Amazon also says in its Quality Policy that

Renewed products should only contain original manufacturer parts

: batteries, screens, speakers and so on. That way, you aren't duped into buying a refurbished phone with a low-quality, off-brand battery that would present safety issues.

Is refurbished as good as new?

Refurbished phones grading

Grade A. This is as

nearly new

as nearly new gets. At best, it'll be a phone returned within the 30-day cooling-off period, so is to all intents and purposes still a brand new phone. … A grade D refurbished phone will be broken in some way, will look second-hand and will have been well used.

Where is the best place to buy a refurbished iPhone?

  • Apple Refurbished Store.
  • Best Buy.
  • Swappa.
  • Amazon Renewed.
  • Gazelle.
  • eBay.
  • Buy from respective carriers.

Why refurbished phones are cheap?

Affordability: One of the main reasons to opt for a refurbished phone is because of its affordability. A refurbished phone

costs a lot less than the same device in brand-new condition

. This makes it an attractive proposition for consumers to get access to models; they could only aspire for, hitherto.

Do Samsung refurbished phones have new batteries?

They come with

a new battery

, a new outer shell, new cables and accessories, and even a fresh white box. Samsung uses similar standards for the refurbished phones sold on its website. It promises restoration to “like new” condition and a one-year warranty.

Charlene Dyck
Author
Charlene Dyck
Charlene is a software developer and technology expert with a degree in computer science. She has worked for major tech companies and has a keen understanding of how computers and electronics work. Sarah is also an advocate for digital privacy and security.