/>
X

Used and refurbished smartphone market to swell through 2020, says IDC

The global market for used smartphones will be worth about $30 billion in 2020, with an average selling price of $136.
larry-dignan-eic.jpg
Written by Larry Dignan, Contributing Editor on
idc-used-smartphone-market.png

The used smartphone market is about to swell at a 22.3 percent compound annual growth rate through 2020 as trade-in programs are going global, according to IDC.

IDC forecasts that the market for used smartphones will jump from 81.3 million devices in 2015 to 222.6 million units in 2020. By 2020, the used smartphone market will be worth about $30 billion, with an average selling price of $136.

The demand for used, or refurbished, smartphones is already strong due to device insurance plans. Used handsets are also becoming options for customers with subprime credit.

For IDC's purposes, its forecast defines a refurbished smartphone as one that has been used or disposed of at a collection point, sent to a facility for reconditioning, and then sold via a secondary market. A hand-me-down device doesn't count.

Related

Delta Air Lines just made an embarrassing announcement (you may be livid)
screen-shot-2022-06-22-at-3-50-54-pm.png

Delta Air Lines just made an embarrassing announcement (you may be livid)

Business
On July 12, we'll see the universe like never before
51656393132-ca88bc21e3-k

On July 12, we'll see the universe like never before

Space
US weather, climate forecasting is about to get way better
screen-shot-2017-09-07-at-1.jpg

US weather, climate forecasting is about to get way better

Innovation