India leads global refurbished smartphone market, Apple captures 49% share

India led the global refurbished smartphone market with 19 per cent (year-on-year) growth in 2022, as Apple captured 49 per cent of the refurbished smartphone market, followed by Samsung at 26 per cent, a report showed on Monday.

5G is growing in the secondary markets and it now makes up 13 per cent of global refurbished sales, according to Counterpoint Research.

With the demand for refurbished smartphones continuing to grow across most geographies, the global secondary smartphone market grew 5 per cent YoY last year.

“The business potential of dealing in refurbished smartphones remains high, but the limited supply is affecting most emerging markets like LATAM, Southeast Asia, India and Africa.