Apple’s coveted iPhone dominated the worldwide refurbished smartphone market in 2022, capturing a exceptional 49% share.
Glen Cardoza for Counterpoint Analysis:
With the demand for refurbished smartphones persevering with to develop throughout most geographies, the worldwide secondary smartphone market grew 5% YoY in 2022, in response to Counterpoint Analysis’s World Refurb Smartphone Tracker. The expansion would have been extra if not for the 17% decline in China’s refurbished smartphone gross sales. This was the steepest drop for the Chinese language secondary market in years. A resurgence of COVID-19 and introduction of “COVID-Zero” insurance policies had been the key elements affecting enterprise and demand within the nation. India led the worldwide refurbished smartphone market in 2022 with 19% YoY development, adopted carefully by LATAM with 18% YoY development.
By way of manufacturers, Apple’s world volumes grew 16% YoY in 2022, taking its secondary market share to over 49%. Apple is the fastest-growing model within the used and refurbished sectors globally. This secondary market demand is affecting new iPhone gross sales and repair revenues in lots of markets. Apple is a serious contributor to the growing refurbished share as in comparison with the brand new smartphone shipments in most important markets. The provision crunch is principally felt for iPhones in refurbished markets.
Samsung’s share decreased to 26% in 2022 from 28% in 2021. Inside the secondary market, there was a small share shift of Android customers to iOS in 2022, which affected Samsung refurbished gross sales. This development will probably proceed in 2023.
MacDailyNews Take: New or used, slowly, inexorably, the confused plenty who’ve settled for wretched fragmandroid telephones ultimately graduate to actual iPhones.
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