Apple's iPhone dominates global refurbished smartphone market with nearly 50% share.
Apple captured over 49% of the global secondary smartphone market in 2022, becoming the fastest-growing brand in the used and refurbished sectors globally, according to Counterpoint Research. The market share of the Cupertino company grew from 44% in 2021. High demand for refurbished smartphones is affecting the sales of new iPhones and Apple’s service revenues in many markets. However, Apple has succeeded in cracking its growth in the refurbished market and is attracting people to buy refurbished iPhone models even in places where their new variants are hard to find.
