Apple dominates refurbished smartphone market with nearly half of sales in 2022.
TL;DR Summary
Apple's refurbished iPhone sales grew by 16% in 2022, increasing its share of the "secondary" smartphone market to nearly 50%, making it the fastest-growing brand in the used and refurbished smartphone markets worldwide. This is decreasing the demand for new iPhone sales but increasing demand for its various subscription services. Samsung's share of the refurbished smartphone business fell from 28% to 26%, while Huawei fell from 4% to 2%. The supply crunch is mainly felt for iPhones in refurbished markets.
Topics:technology#apple#refurbished-smartphones#samsung#secondary-market#subscription-services#technology
- Refurbished iPhone sales continue to grow as Apple extends lead over Samsung 9to5Mac
- iPhones Made Up Nearly Half of All Refurbished Smartphone Sales in 2022 MacRumors
- Apple leads global refurbished smartphone market again in 2022 DIGITIMES
- Almost half of all refurbished smartphones sold last year were Apple iPhones TechSpot
- The iPhone owned a commanding 49% share of the global refurbished smartphone market in 2022 PhoneArena
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