5G is growing in the secondary markets and it now makes up 13 per cent of global refurbished sales, according to Counterpoint Research. With the demand for refurbished smartphones continuing to grow across most geographies, the global secondary smartphone market grew 5 per cent YoY last year. 📲 India Leads Global Refurbished Smartphone Market With 19% in 2022, Apple Captures 49% Share.
The decline can be ascribed to higher pent-up demand last year owing to the pandemic as well as the component shortage that started showing its impact in third quarter of this fiscal year.
Updated Feb 16, 2021 | 08:35 IST
At a time when India is taking steps to become AtmaNirbhar in smartphone production, BBK Group has pipped South Korean rival Samsung to become the largest smartphone maker by consolidated sales in 2019-20 India’s mobile market nirbhar on China’s BBK group, Samsung slips to second spot | Photo Credit: Thinkstock
What do smartphone makers Oppo, Vivo, Realme, and OnePlus brands have in common? They’s all owned by BBK Electronics Corp, a Chinese multinational conglomerate which specialises in electronics manufacturing such as smartphones, television sets, and cameras. It is also the world’s second-largest smartphone maker, as per Android Authority.