Smartphone prices are increasing constantly Unfortunately, consumers aiming to buy a high end flagship phone should expect to spend $1000 or even more. However, there are cheaper alternatives to consider. For example, refurbished models of Huawei Mate 50/Pro and Pocket S are currently on sale at the official Huawei stores. Here are the details…

Huawei Mate 50 & Pro, Pocket S Refurbished Models Now Up for Grabs at Budget-Friendly Prices!

Advancing technology doesn’t just increases the prices of smartphones but also boosts their performance. Take my iPhone 14 Pro Max, for example. It’s powerful enough to meet my daily needs without any problems, both today and for the next few years. Despite this, many of us switch phones every one or two years. As a result, older models enter the second-hand market, meeting buyers at reasonable prices.

However, buying second-hand phones can be quite problematic. At this point, refurbished models come to the aid of users seeking some form of assurance. Today, many manufacturers and specialized companies are now offering refurbished phones, including Huawei. For example, you can now purchase refurbished models of the Mate 50/Pro and Pocket S at prices ranging from 3,699 to 4,499 yuan, with the Pocket S available at 3,899 yuan.

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Apple is a major player in the various smartphone markets across the globe. But its new launches aren’t the only ones that perform well in the market. Even its older models have consistently shown better value retention in the second hand market. And now, a new report has revealed that the company is even dominating the refurbished smartphone market.

According to a Counterpoint Research report, the Cupertino based giant accounted for nearly half of the entire refurbished smartphone market last year. The report states that the company’s iPhones had a massive 49 percent share in the global refurbished market. On the other hand, Samsung was the second largest brand in this category, but only held for 26 percent of the market share. In other words, Apple iPhones were almost twice as more popular in the refurbished segment over models from the South Korean brand.

The report added that this marked a 16 percent growth year on year for the iPhone maker in 2022. Meanwhile, the global refurbished smartphone market also saw an overall growth of 5 percent in 2022. During last year, the iPhone was even the fastest growing smartphone in the used and secondary smartphone market as well. Interestingly enough, this has had an impact on the sales of Apple’s newer iPhone models.

But these models still add to the Apple’s Services revenue stream as the handsets still lead to purchase of applications and other subscriptions. Apart from the two market leaders, the rest of the brands compete for the remaining market. Vivo and Oppo was responsible for just 3 percent market share each, while Huawei saw a decline from 4 percent to 3 percent in 2022.

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Apple excels in selling refurbished phones because of its strong brand reputation for quality and reliability. Apple has a rigorous refurbishing process that includes the replacement of any defective parts with genuine Apple components, thorough testing, cleaning, and repackaging. This process ensures that the refurbished phones are of high quality and function, just like new phones. Apple also offers a one-year warranty on their refurbished phones, giving consumers peace of mind when purchasing. Additionally, Apple’s refurbished phones often come with the latest software updates and can be easily integrated with other Apple products, making them an attractive option for Apple enthusiasts. Lastly, Apple’s marketing and sales strategies effectively communicate the benefits of buying a refurbished phone, which helps to build consumer trust and increase sales. For all these reasons, Apple was the leader in the global refurbished phone market in the year 2022.

COVID-19 affected the Market for Refurbished Devices in 2022

According to Counterpoint Research’s Global Refurb Smartphone Tracker, the global secondary smartphone market grew 5% YoY in 2022, as the demand for refurbished smartphones continued to increase. However, the growth could have been higher if not for the steep 17% decline in China’s refurbished smartphone sales, which was caused by a resurgence of COVID-19 and the introduction of “COVID-Zero” policies in the country.

Apple’s global volumes grew 16% YoY in 2022, taking its secondary market share to over 49%. It is the fastest-growing brand in the used and refurbished sectors globally. However, Samsung’s share decreased to 26% in 2022 from 28% in 2021, mainly due to a small percentage shift of Android consumers to iOS, which affected Samsung refurbished sales.

The demand for refurbished smartphones is mainly coming from new smartphone buyers in mature markets, feature phone users shifting to smartphones in emerging markets, and unofficial channels dependent on C2C or hand-me-downs. Meanwhile, refurbished smartphone retailers are growing the most in terms of supply, while carriers have started offering refurbished options mainly in mature markets.

In 2022, a larger share of consumers preferred to buy premium and flagship refurbished smartphones compared to previous years, pushing up secondary market ASPs (average selling prices). The trend is expected to continue in 2023, along with an increase in 5G smartphone share, which could bring about a situation where the inventory of low-grade used smartphones may grow significantly.

Overall, the limited supply of refurbished smartphones is affecting most emerging markets like LATAM, Southeast Asia, India, and Africa. However, the business potential of dealing in refurbished smartphones remains high, as trust levels towards them have increased across markets, and consumers are shifting their focus towards sustainability and environmental awareness.

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Refurbished phones offer great value since they can be bought for cheap while having only little to no wear and tear. Flagships like Apple and Samsung are mostly considered when going for refurbished phones and that doesn’t seem to change anytime soon. A new report from Counterpoint Research reveals that Apple was the market leader for refurbished phones last year. Additionally, the global refurbished smartphone market in 2021 reportedly saw more growth than the new smartphone market in 2021.

It’s a 15% YoY increase over 2020

The global refurbished smartphone volumes witnessed a year-on-year(YoY) growth of 15% in 2021. This is way higher than the new smartphone shipment volumes of 4.5% YoY last year. As per Counterpoint’s report, this is because new smartphones are launching at higher prices making buyers opt for refurbished models.

The refurbished market is also growing, thanks to the trade-ins that people go for while buying a new device. The trade-ins have also grown more than 10% in 2021 globally.

Latin America and India saw the most growth

If we compare the refurbished smartphone market of 2021 to 2020, we see that the market has grown tremendously in regions like Latin America and India. The Latin American market grew by 29%, while the Indian market grew by 25% in 2021.

Next comes the US with a 15% increase, followed by Southeast Asia’s 12% increase, China & Europe’s 10% growth, and lastly Africa showed an increase of 4%.

While the refurbished phone market surged, the average selling prices of refurbished devices have also gone up. This is because 4G devices in some of the regions still retain value due to the non-existence of 5G services. If we take India, for example, the region doesn’t have commercial 5G as of yet, which could be a reason for people buying refurbished devices, despite those devices being 4G-only models.

The refurbished market will continue to grow as some of the areas in these regions are yet to explore the refurbished smartphone market.

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Research firm Counterpoint Research has released its outlook of the global refurbished smartphone sales for 2020 and 2021. The research covered global sales of refurbished smartphones in 2020, with some solid projections for 2021.

The Counterpoint research showed a jump of 4% in global sales of refurbished phones in the second half of 2020, compared to the first half of the year. The overall performance in 2020 was also better than the previous year, 2019, which globally saw a decline in the market volume.

As a result of the coronavirus pandemic, many countries worldwide experienced substantial dips in their economies, with significant job losses reported in all the regions. This could have contributed to the rise in the patronage of refurbished phones, as shown by the Counterpoint research. Counterpoint also notes a sharp rise in demand and supply of refurbished smartphones in 2020, mainly in the second half of the year. Resell volumes and trade-ins were observed to have gone up in all the regions covered by the survey.

The regions covered by the Counterpoint research are the US, Latin America, Europe, Southeast Asia, India, and Africa. With the average selling price of Apple refurbished phones up to three times higher than the average of other brands, greater preference was observed for the brand ahead of other brands in the secondary market. The more extensive rollout of 5G technology across 150 mobile operators in 70 countries did not affect the increased appetite for Apple phones, as shown by the numbers released by the Counterpoint Research.

The outlook for 2021, according to the research, remains bright within the secondary phone market globally. The sometimes significantly lower average selling prices of products in the secondary market could be fuelling the demand for products from the market. At the same time, supply may have been driven by several possible factors, including a dip in the global economy that has limited the purchasing power of some segments of consumers.

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It looks like electronics lovers are in for a treat! While electronic devices such as smartphones, laptops, etc come in handy in day to day life, they aren’t necessarily easy on the pocketbook.

Those living on a tight budget settle for low-priced alternatives that usually fail to meet their needs. To make top-branded, feature-rich electronic devices that are in almost-new conditions available to cost-conscious buyers, AliExpress is gearing up to launch a new promotion.

Dubbed as High-Quality Used Electronics, the promotion sale is slated to kick off on November 13th, 12:00 AM PT. While we wait with bated breath for the sale to begin, here’s what you can expect in terms of discounts and products.

The High-Quality Used Electronics promotion sale will feature numerous products across various categories. Moreover, you can use a $2 OFF Coupon starting from November 11th, 12:00 AM PT – November 12th, 11:59 PM PT and save more money during the activity period.

In addition to a 15.6 Inch 4GB RAM 64GB ROM Notebook, Apple Used iPhone 8 / iPhone 8 Plus Smartphone, an unlocked Apple iPhone 6, the upcoming promotion will give you a chance to get your hands on several other used products without spending a lot of money. The Used iPhones section features the iPhone 6, iPhone 8 and several other well-received variants of the coveted smartphone.

More importantly, you can get noteworthy discounts on the handsets available under the aforesaid section. For example, there’s a noteworthy 29 percent off on the Unlocked Apple iPhone 6 which usually retails for $169, but is currently available for a lowered price of just $119.99.

The next category dubbed Used Samsungs includes the Unlocked Samsung B2710, as well as the Samsung Galaxy J5 J500F, both carrying considerably reduced price tags. For instance, the 1.5GB RAM+8GB ROM Galaxy J5 J500F variant would normally set you back $88, but you can buy it for just $73.92, thanks to a 16 percent off.
The next section is called Used Brand Name Smart Phones. If you have restlessly been waiting to get your hands on a top-branded smartphone without burning a hole in your pocket, you might want to check out this category, which offers great discounts on handsets from popular manufacturers including Apple, and Xiaomi.

Those interested in buying repaired smartphones to avoid spending a lot of money can head straight to the Refurbished Smart Phones section. Loaded with smartphones that are still in good condition, this section is worth checking out if you a Samsung, Nokia, or an iPhone fan, but refrain from buying their phones due to the steep price tags attached to them.

Students who need to work on assignments while traveling to school or college do not fancy spending tens of thousands of dollars on a high-end laptop. If you have been looking for a budget laptop that suits your fancy, the Refurbished Laptops is the section you need to check out.

AliExpress is doling out great discounts on laptops with top-end specifications. Keeping in line with that, the Alibaba-owned Chinese online retail service is offering the Jumper EZbook X4 laptop for an unbelievably reduced price of just $261.63, while it normally sells for $373.75.

The concluding section on the promotion page is called More to Love and it features the rest of the mobile devices that will go up for sale bearing reduced prices as part of the upcoming promotion sale.

You can click here to visit the promotion page ahead of its launch and be ready with the products you want to buy before they get sold out. Note that the promo will be valid for a limited period.

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