Samsung and Apple Revolutionize Second-Hand Phone Market in Q2

Wednesday, 18 September 2024, 12:31

Samsung and Apple led the charge, accounting for 80% of global second-hand phone sales in Q2. The surge was fueled by the enduring popularity of devices like the iPhone 11 series, which significantly impacted pricing dynamics. As the market embraces pre-owned devices, this trend reshapes consumer habits and industry forecasts.
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Samsung and Apple Revolutionize Second-Hand Phone Market in Q2

Samsung and Apple Making Waves in Second-Hand Market

Samsumg and Apple's influence on the second-hand phone market has never been more pronounced. In Q2, these two giants represented a staggering 80% of all sales, reflecting a shift in consumer preferences towards reliable, pre-owned devices. This trend underscores the increasing demand for quality smartphones at competitive prices, as older models like the iPhone 11 series capture the market's attention.

Factors Behind the Pricing Shift

The decline in second-hand smartphone pricing can be attributed to the popularity of devices such as Apple's iPhone 11. This model, along with other flagship releases, has established a benchmark for value in the pre-owned segment. Consumers are flocking to these devices, making them highly sought after in the used market.

  1. Increased Demand for iOS Devices
  2. Price Drops of Older Android Models
  3. Enhanced Refurbishment Processes

Conclusion: The Future of Second-Hand Phones

As Samsung and Apple continue to dominate, the second-hand phone sector is poised for further growth. This trend not only benefits consumers seeking affordable options but also highlights a shift in how technology is consumed.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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