Apple to Dominate the Global Refurbished Smartphone Market in 2024

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Nabilah Muhamad 28/02/2025 18:10 WIB

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According to Counterpoint data, Apple captured 56% of the global refurbished smartphone market share in 2024. This is up from 51% in 2023.

Global Refurbished Smartphone Sales Market Outlook (2023-2024)

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Global Refurbished Smartphone Sales Market Outlook (2023-2024)

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According to a Counterpoint report, global sales of refurbished smartphones increased by 5% year-on-year (YoY) in 2024.

Refurbished products are those returned by customers due to damage or manufacturing defects, then repaired by the official manufacturer and resold at a lower price.

This differs from "reconditioned" products, which are repaired by third parties, not the official manufacturer.

In 2024, Apple captured a 56% market share of global refurbished smartphone sales, an increase from 2023.

Counterpoint analyst Glen Cardoza explained that this growth in Apple's refurbished market is driven by demand for older iPhone models, particularly the iPhone 11 and 12 series.

"Although the iPhone 13 and 14 series have been on the market for some time, many consumers are choosing to keep their devices longer, resulting in a shortage of refurbished supplies for the latest models," said Cardoza in his report on Monday, February 24, 2025.

Samsung followed with a 24% market share of refurbished smartphones in 2024, down from 2023.

The refurbished market share of Oppo, Vivo, Xiaomi, Huawei, Motorola, OnePlus, and other brands remained stagnant or declined, as shown in the graph.

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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Apple to Dominate the Global Refurbished Smartphone Market in 2024

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