Last year there were much fewer refurbished phone sales, with the exception of the iPhone, due to COVID-19
Since the prices of mobile phones, especially for high-end terminals, began to rise a few years ago, the volume of the used market has increased. Until a while ago when you wanted to sell your phone to buy another, you went to a store to get it valued and paid for, but recently we’ve been doing it ourselves using apps like Wallapop or Thousand Ads.
This 2020 was a fateful year for many companies and one of them is the refurbished cellphone market suffered a fairly significant drop due to COVID-19.
The Refurbished Cell Phones market saw a drastic decline in 2020 that did not affect Apple cell phones
A report published by a group of analysts at Counterpoint shows that the remanufactured smartphone market has fallen 9% over the past year.
It should be noted that only reconditioned cell phones are understood in this report those that have had repairs or improvements made before being put back for sale.
The sale of refurbished cell phones experienced a 16% decrease in the first half of 2020 if we compare them with those of the first half of last year.
These sales rebounded in the second half of the year thanks to a Increase in sales with new mobile devices and the launch of the iPhone 12, which brought a wider range of Apple terminals to the market from 39% to 42%.
Obviously, the main cause of the decline in sales of refurbished phones was the COVID-19 This resulted in many people delaying the purchase of a refurbished terminal due to the insecurity of their job and future employment.