Highlights:
- The global refurbished smartphone market grew 15% YoY in 2021.
- The LATAM and India markets registered the highest growth.
- All ecosystem players focused on increasing supply to meet demand.
- Apple led with more than 40% share in the global market. Samsung was a distant second but growing in volume.
- Chinese brands saw a growth spurt in select markets like China and India.
- Refurbished models are increasingly being sold through carriers in mature markets. However, retail channels are growing in most key countries.
For more insights into the global refurb smartphone market in 2021, read our analyst Glen Cardoza's blog.
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Counterpoint Research is a global industry and market research firm providing market data, intelligence, thought leadership and consulting across the technology ecosystem. We advise a diverse range of global clients spanning the supply chain – from chipmakers, component suppliers, manufacturers and software and application developers to service providers, channel players and investors. Our veteran team of analysts serve these clients through our offices located across the key innovation hubs, manufacturing clusters and commercial centers globally. Our analysts consistently engage with C-suite through to strategy, market intelligence, supply chain, R&D, product management, marketing, sales and others across the organization. Counterpoint’s key coverage areas: AI, Automotive, Cloud, Connectivity, Consumer Electronics, Displays, eSIM, IoT, Location Platforms, Macroeconomics, Manufacturing, Networks & Infra, Semiconductors, Smartphones and Wearables.
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