In 2021, in the global refurbished smartphone market, market analysts talked about a 15% year-over-year increase. Among them, Apple maintains the leading position of the largest second-hand smartphone supplier, followed by Samsung in second place, but narrows the gap with its rivals.
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It is worth noting that some of the fastest growing markets in the refurbishment sector are China, India, Latin America, Southeast Asia, India and Africa. Latin America and India witnessed the highest growth rates last year and are likely to continue to maintain the highest growth rates in the coming years.
(Image from the Internet)
Analysts also said that Samsung's refurbished smartphone shipments last year grew faster than Apple's, but the specific market share figures are still not available. While Apple manages to get ahead, Samsung's refurbished phones enjoy higher adoption rates among customers around the world. Plus, Samsung has some of the best trade-in offers and pre-order bonuses, such as the company giving away holsters and Galaxy Buds Pro for free to anyone who pre-orders the Galaxy S22 Ultra, and consumers around the world get a different gift.
Editor's Note: Samsung may eventually continue to gain favor from Apple users in 2022. Samsung recently decided to relaunch the Galaxy S21 under the name "Re-newed", thus offering the same amazing device at a relative discount, are you expecting?