Sales are expected to reach 4.3 billion units and total revenue is expected to reach $1.097 billion. This represents an increase of 8.8% compared to previous years.
The number of second-hand smartphones sold in 2023 is expected to reach 309.4 million units, an increase of 9.5% compared to 2022.
This growth is due to longer time intervals for updating new devices, higher prices of new models, and general economic difficulties.
The main problem in the second-hand smartphone market continues to be lack of stock. In many developed countries, the lifespan of new devices exceeds 40 months, resulting in a shortage of resale models.
However, the demand for used smartphones continues to increase, especially in an environment of inflation and political instability.
Source: Ferra
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