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.

$7-a-month Disney streaming service to take on Netflix, launch on Nov 12

Company News

Walt Disney Co priced its highly anticipated streaming video service below Netflix in an aggressive move to challenge the dominant streaming service and entice families to buy yet another monthly subscription.

Disney said on Thursday its new family-friendly streaming service will cost $7 monthly or $70 annually with a slate of new and classic TV shows and movies from some of the world's most popular entertainment franchises in a bid to challenge the digital dominance of Netflix.

The ad-free monthly subscription called Disney+ is set to launch on Nov. 12 and in every major global market over time, the company said. In addition to Disney films and TV shows, it will feature programming from the Marvel superhero universe, the "Star Wars" galaxy, "Toy Story" creator Pixar animation the National Geographic channel and the entire library of "The Simpsons."

"What we are putting forward is an aggressive strategy," Disney Chief Executive Bob Iger told analysts at the presentation. "We've got to be very serious and all in on it."

The company set a target of luring between 60 million to 90 million subscribers and achieving profitability in fiscal year 2024. It plans to plow a little over $1 billion in cash to finance original programming in fiscal 2020 and about $2 billion by 2024.


 The cost of the service was lower than the $7.50 per month that Wall Street analysts expected on average, according to a Reuters poll, and could likely be seen as a stronger bid to appeal to more customers.To get it in front of more people, Disney said it has struck deals with Roku Inc and Sony Corp to distribute Disney+ on streaming devices and console gaming systems and expects it to be widely available on smart televisions, tablets, and other outlets by launch...Read More