About half of refurbished smartphones sold globally were iPhones, as Apple’s sales in the category grew 16% year-on-year in 2022. The new figures arrive by way of Counterpoint Research, marking a stark contrast to on-going declines in smartphone shipments.
The market research firm said Monday that the global secondary smartphone market grew 5% YoY in 2022. The growth would have been more if China’s refurbished smartphone sales did not see a 17% decline, mainly due to the resurgence of COVID-19 and the arrival of COVID-Zero policies, the firm said.
Nonetheless, the decline in China’s secondary smartphone sales has helped India take the top spot, with a 19% YoY growth, followed by Latin America with an 18% YoY growth.
Apple captured over 49% of the secondary market in 2022, becoming the fastest-growing brand in the used and refurbished sectors globally. The market share of the Cupertino company grew from 44% in 2021, according …
