Persistence Marketing Research has forecast that the second-hand market in mobile smartphones will experience huge expansion and grow to around $40bn in terms of global revenue by 2025, increasing from almost $20bn in 2017 and enlarging the global refurbished and used mobile phone market by almost 9% CAGR over the same period.
Second-hand reconditioned smartphones are big business these days, and no wonder! When you can buy a phone as good as brand new at the fraction of the price, you’d be crazy not to. We’ll have a look at some of the models that made it to the top this year.
We’ll explain exactly what it is and bust some of the most common myths associated with second hand phones. So if you’re interested in making a saving by buying a used phone, read on!
In the last post, we looked at where to buy a used smartphone and what to look for. Now we consider issues such as returns policies, warranties and consumer rights, which provide protection and can be as important as the the condition of a second-hand phone. These rights and safeguards demonstrate that buying a pre-owned device is little different from buying new.