Used smartphones are increasingly in demand in the world



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Used smartphones are increasingly in demand in the world



In the WORLD, demand for used smartphones is increasing every year, so it is estimated that last year those shipments increased by about 18 percent over 2018, to a total of nearly 207 million units, according to IDC estimates.

“This demand is expected to continue in the coming years, and shipments of used smartphones, including those that have been refurbished or repaired, could reach 333 million units worldwide by 2023. The average annual growth rate of these shipments could be up to 14 percent, “IDC analysts predict.



Considerable savings

The growing demand for used smartphones from IDC is explained by the significant cost savings of buying such phones compared to new models, and they expect the implementation of 5G networks to affect that market as smartphone owners begin to market their 4G smartphones in anticipation of high performance 5G devices.

“Unlike the recent drop in shipments of new smartphone models, as well as forecasts of minimal growth in new shipments over the next few years, the market for used or used smartphones shows no signs of slowing down in the world,” says a research leader at IDC's worldwide quarterly monitoring of mobile phones Anthony Scarsella.

He believes this is also because refurbished and used appliances can still provide numerous and cost-effective benefits to consumers and businesses looking to save money.

Used smartphones are increasingly in demand in the world

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