The smartphone market used is not in crisis, unlike that of the new models sold at full price, which is bound to face another difficult year. To provide details on the performance of the specific segment of the IDC, according to which by 2019 deliveries of the smartphone used* are increased by 17.6% compared to the previous year, for a total of 206,7 million pieces (175,8 million in 2018).
Rosy predictions for the coming years: in 2023 , the number may be equal to 332,9 million units – compound annual growth rate (CAGR) of 13.6% in the period between 2018 and 2023 – and the turnover in the order of $ 67 billion. Items that will help to maintain a high level of sales of such products in the future are essentially two:
- A truth that is obvious and always valid: the used costs less than the new. A fact that is true for the terminals of each end: the top of the range, proposed new higher prices are a desirable object for a certain part of the audience, the most passionate of technology who want to gain possession of it, containing the disbursement. In the case of models of the lower range, the choice of a sample used/refurbished remains the solution for those who has a very limited budget
- The transition from 4G smartphone models 5G: it is a factor, contingent, and related to the transition to next-generation networks: for the next few years is expected to increase the number of 4G smartphone offered for sale by owners eager to have a model that is compatible with the networks 5G. There will then be a new wave of smartphone used, perfect for those who are not in a hurry to take advantage of the benefits of 5G.
The trend in the growth of the smartphone market used not know geographic boundaries: you will experience in the coming years in all major Countries. IDC provides an overview of the more detailed only to a limited extent to the market of North America which, in 2023, will be traced back more than 1/4 of the deliveries at the level of the world of smartphone used.
*IDC is included in the concept of smartphones used, both those properly so called – that is, products already used and then resold – both reconditioned – are defined as such, according to the source, the terminals used, disposed in a collection point by the owner, undergo a process that makes them re-qualify, and finally resold through the channels of secondary sales that do not include sales between private individuals or second-hand items.