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Asia's Growing Market for Refurbished Smartphones Set to Surge in 2025

share-iconFriday, January 03 comment-icon4 weeks ago 10 views
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Asia's Growing Market for Refurbished Smartphones Set to Surge in 2025

Credited from: SCMP

  • Global Recovery: The smartphone market is rebounding in 2024, with shipments forecasted to increase by over 6%.
  • Refurbished Growth: Emerging markets like China and Southeast Asia saw the average selling price of refurbished smartphones surpass new phones for the first time.
  • Consumer Confidence: Improved assurance regarding safety and quality of refurbished devices, including manufacturer-certified options, has boosted consumer acceptance.
  • Environmental Benefits: Choosing refurbished phones significantly reduces carbon footprint, with potential reductions of up to 91% in environmental impact.
  • Market Evolution: Countries like China and India are leading the refurbished smartphone market, driven by a young middle class and increased aspirational spending.

For more information, visit the original article at South China Morning Post.

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