Apple captures nearly half of global refurbished smartphone market

About half of refurbished smartphones sold globally were iPhones, as Apple’s sales in the category grew 16% year-on-year in 2022. The new figures arrive by way of Counterpoint Research, marking a stark contrast to on-going declines in smartphone shipments.
The market research firm said Monday that the global secondary smartphone market grew 5% YoY in 2022. The growth would have been more if China’s refurbished smartphone sales did not see a 17% decline, mainly due to the resurgence of COVID-19 and the arrival of COVID-Zero policies, the firm said.
Nonetheless, the decline in China&

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