Global refurbished phone market declines 1% in 2019, India sees 9% growth

The worldwide market for renovated cell phones declined 1 percent (year-on-year) in 2019, arriving at a little more than 137 million units, as indicated by another report. A similar market in India, be that as it may, grew a solid 9 percent a year ago.
The worldwide market developed to some degree in the final quarter as Apple redesigns stayed solid however a 1 percent expansion during the second 50% of the year couldn't balance the decrease in the main half, said most recent exploration from Counterpoint's 'Restored Smartphone Tracker'.
"This is the first run through over the most recent four years that the repaired advertise has declined for the entire year. The pattern is for the most part connected with the downturn in new cell phone deals in key locales like the US, China and Europe," said Jeff Fieldhack, Research Director at Counterpoint Research.
Regardless of a decrease in the general market, there were a few development markets like India, Latin America and Africa.
Varun Mishra, Research Analyst at Counterpoint Research said that the refurb environment in these economies is still at an incipient stage.
"As far as cell phones, these business sectors remain underpenetrated. Numerous clients are searching for moderate gadgets to come on the web. The change from include telephones to cell phones and the desire of premium gadgets at a moderate value guide proceed toward fuel development in these business sectors," Mishra said in an announcement.
There is additionally the progressing change of the refurb portion from the chaotic segment to composed in nations like India which is opening chances.

Apple and Samsung kept on commanding the optional market in 2019.