It is known that global smartphone shipments fell by 8% in 2020. As it turned out, the decline also affected the market
Counterpoint Research providedstatistics on the market of so-called refurbished smartphones. This is the name for gadgets that were returned to the seller by the previous owner, and then repaired and packaged for resale. Some of these smartphones even come with a warranty. However, sales of refurbished devices have fallen.
The drop was 9% over the year. Sales of refurbished smartphones declined the most in Latin America and India. China also saw a significant drop.
The pandemic played a role in this. The supply of refurbished smartphones has decreased due to restrictions. Analysts also saw that the average price of refurbished LTE devices increased.