Tidio Live Chat Software - Add Tidio live chat software to your website in minutes. Contact visitors and turn them into happy customers. Enhance their experience and boost your sales. Get it for Free

Must Read

The refurbished smartphone market used to be one of the most profitable markets. The market not only offered premium used smartphones at a massively discounted price, but it also catered to the needs of those who preferred affordable smartphones over the expensive ones. However, there appears to be a downside to that market.

On June 11, a report claimed that the global refurbished smartphone market in 2019 decreased by 137 million units making the overall decrease a total of 1%.

Also Read

The decrease in sales in the last half of 2019 was understandable since the market underwent a few changes, but that does not explain why the curve remained so during the first half of 2020.

This has been an issue of major concern for a lot of people because this is the first year in the global refurbished smartphone market that is experiencing a year-round decline in the past four years. Part of the reason could be the fact that there has been a major decline in smartphone sales in the US, China, and Europe.

Elegant Themes - The most popular WordPress theme in the world and the ultimate WordPress Page Builder. Get a 30-day money-back guarantee. Get it for Free

The year-on-year decline reached 6%. The users also prefer now to continue using their smartphones extending the replacement cycle.

It is reported that China is the largest market for refurbished equipment. Another issue that we need to factor in is that more and more affordable smartphones are making their way into the market; thereby increasing the range of smartphones available.

The increase in range, variety, and the prices that the smartphones are available right now makes buying old refurbished phone almost a thing of the past for most users.

In other respects, some industry practitioners said that the current consumer shift from feature phones to smartphones and the desire for affordable high-end devices continue to drive the growth of the mobile phone market.

Save up to 60% on OptinMonster

Stay updated

Subscribe to our newsletter and never miss an update on the latest tech, gaming, startup, how to guide, deals and more.

- Advertisement -
- Advertisement -


Grow Your Business

Place your brand in front of tech-savvy audience. Partner with us to build brand awareness, increase website traffic, generate qualified leads, and grow your business.

- Advertisement -

Grow Your Business

Get these business solutions, tools and services to help your business grow.

Elementor -Join 5,000,000+ Professionals Who Build Better Sites With Elementor. Build your website with 100% visual design that loads faster and speeds up the process of building them.

WP Rocket

WP Rocket - Speed up your website with the most powerful caching plugin in the world. The website speed increase means better SEO ranking, user experience, and conversation. It’s a fact that Google loves a fast site.


Kinsta - If you are looking for WordPress managed hosting, Kinsta is in the leading front. Kinsta provides WordPress hosting for a small or large business that helps take care of all your needs regarding your website with cutting-edge technology.


OptinMonster - Instantly boost leads and grow revenue with the #1 most powerful conversion optimization toolkit in the world. 700,000+ websites are using OptinMonster to turn their traffic into leads, subscribers, and sales.


- Advertisement -
- Advertisement -