Overview:
- 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.
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