Xiaomi tops second-hand smartphone market, followed by Apple

Xiaomi retains its leadership position in the second-hand smartphone market with a 26% market share followed by Apple, which has a 20% share. As per insights shared by Cashify, a used-smartphone marketplace, in 2020 due to Covid-19 induced lockdowns which led people to work from home and students attending classes through online mode, demand for smartphones increased.

One of the most important reasons for upgrading has been the need to have a smartphone with high-speed network connectivity (3G to 4G) and supporting apps for online classes and work from home. “And those who couldn’t afford a new smartphone were seen opting for refurbished devices with Mi being the most popular among this segment,” a Cashify survey said.