Global sales of used and refurbished smartphones are going up


Consumers are increasingly interested in refurbished smartphones. — AFP Relaxnews

The secondhand smartphone market, comprising refurbished devices, represented over 225 million units in 2020, according to IDC figures. The phenomenon is set to gain momentum in the coming years, and could even exceed 350 million units per year by 2024.

The total of 225.4 million used smartphones sold worldwide in 2020 represents a 9.2% increase compared to 2019. IDC expects this trend to accelerate, growing over 10% per year to reach 351.6 million used units sold in 2024.

Get 30% off with our ads free Premium Plan!

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Tech News

Bluesky finds with growth comes growing pains – and bots
How tech created a ‘recipe for loneliness’
How data shared in the cloud is aiding snow removal
Trump appoints Bo Hines to presidential council on digital assets
Do you have a friend in AI?
Japan's antitrust watchdog to find Google violated law in search case, Nikkei reports
Is tech industry already on cusp of artificial intelligence slowdown?
What does watching all those videos do to kids' brains?
How the Swedish Dungeons & Dragons inspired 'Helldivers 2'
'The Mind Twisting Quadroids' review: Help needed conquering the galaxy

Others Also Read