Smartphone, especially the premium, costs a lot today.
The most expensive iPhone can get you back with almost 1.5 lakh while Samsung phones are folded even more than that.
Often people turn to used phones and reports with rival research show that the updated market grows.
“The global updated smartphone market sees healthy growth in most areas of H2 2020”, the research said with a match.
The iPhone factor in the updated marketApple, according to the report, has made a big profit in the used smartphone market.
According to Jeff FieldHack, research director, counterpoint, “there is no slowdown in taste for Apple in the secondary market.
In fact, over the past year, has increased compared to its competitors.” Apple’s share in the global market for new smartphones is only more than 13% in the second half 2020.
The part in the secondary market, on the other hand, in the same period reached 44%.
FieldHack further said that the selling price of Apple’s secondary secondary market was almost three times higher than the average of all its competitors.
“Even with the launch of 5G by more than 150 cellular operators in more than 70 countries, demand and ASPs for the LTE portfolio that updated Apple remains increasing.
It helps Apple grow the base installed because many apple buyers on the secondary market are the first buyers,” said FieldHack.
Demand that grows in India when the updated market online in India slowly picks up steps, it is an unorganized market where used smart smartphones.
Counterpoint expects more secondary market volumes to move to other areas such as Africa, Japan, India and Europe.
“There is a well-established secondary market company, with new companies also moved to these areas.
There are also tastes for the flagship of the premium brand but at the middle price,” said Glen Cardoza, a senior research analyst at rival.