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Refurbished Phones

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technology2 years ago

Apple dominates the thriving market for refurbished iPhones.

The smartphone market is facing challenges due to rising device costs and limited differences between model upgrades, leading people to turn to refurbished phones. According to Counterpoint, Apple represented 49% of refurbished phones sold worldwide in 2022, with the number of refurbished iPhones sold increasing 16% YoY. Android users switching to Team iOS was a factor that "will likely continue" this year. Used iPhones and other products are popular with shoppers looking to save money but stay in Apple's ecosystem.