second-hand phone: Rise in second-hand smartphone demand pro

second-hand phone: Rise in second-hand smartphone demand prompts brands to prevent unorganised market access

The demand for second-hand smartphones is on the rise, prompting brands and seller platforms to prevent old devices from reaching the unorganised market. Refurbished smartphone seller ReFit Global anticipates a 16% growth in the industry in 2024, following a 15% growth in 2023. E-commerce platforms and smartphone brands are collaborating with refurbishing companies to sell old devices directly, streamlining the process and preventing leakages.

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Saket Saurav , Glen Cardoza , Counterpoint Research , Refit Global ,

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