Fortunately for trading platforms and authorized stores, Global sales of refurbished smartphones up 5% in 2022 compared to the previous year, when there was a historic decline. After a brutal crisis, the market is slowly recovering. In fact, the global sales boom might have been greater had it not been for the 17% decline in China’s sales figures.

Apple led the increase in refurbished smartphone sales. The company saw how Refurbished iPhone sales increased by 16% In 2022 it achieved a dreadful market share of over 49%. Samsung, on the other hand, had a 26% market share in 2022.

Refurbished smartphone sales continue to rise, according to Counterpoint Research

The data revealed by Counterpoint Research shows that Apple has become the owned brand. faster growth rate in the sale of refurbished smartphones worldwide.

Refurbished smartphone numbers sold are in favor of Apple, which is far superior to other brands.

However, the popularity of global smartphone sales negatively impacts new phone sales in most markets. Apple is the company that contributed the most in making this happen.

Additionally, they have confirmed from Counterpoint Research that it is in 2022. A small percentage of Android users switching to iOS. This trend may continue throughout 2023.

Reasons for boom in refurbished iPhone sales

The global increase in refurbished phone sales is relatively normal. Many consumers choose more affordable alternatives or they don’t want to buy a new smartphone because of a lack of innovation or rising prices.

However, there is no such plausible explanation for Apple’s being the industry leader in refurbished smartphone sales with such authority. This may be due to the company launching iPhone models with the bitten apple logo. long service lifeas well as offering regular software updates to prolong the arrival of planned obsolescence.

Counterpoint Research Data Reveals Refurbished Smartphone Sales Figures

may also be due to continuous design from their iPhone. If Apple releases a new iPhone with the same design as the previous year’s iPhone, as with the iPhone 14, consumers will have one more reason to buy a smartphone from previous generations.

Interestingly, Apple also took 75% of sales in the high-end market, proving that consumers are willing to spend a lot of money on an iPhone.