Apple's dominates refurbished smartphone market

Apple's dominates refurbished smartphone market
Refurbished iPhone sales grew 16% year-on-year in 2022, with Apple also securing almost half of the entire global refurbished smartphone market.

Refurbished smartphones are a great way for budget-focused users to upgrade their devices to something newer, without necessarily shelling out for a brand-new model. In a report covering refurbished smartphone sales in 2022, it seems Apple is consuming even more of that space.

According to Counterpoint Research's Global Refurb Smartphone Tracker, the overall secondary smartphone market grew 5% year-on-year in 2022. This is smaller than it could've been, as a 17% decline in China's refurbished smartphone sales dampened the market's growth.

Meanwhile, growth in India grew 19% year-on-year in 2022, while Latin America was in second place with 18% growth.