283 million used smartphones shipped last year globally- Report – India TV News

The global shipments of used smartphones, including officially refurbished and used smartphones were expected to reach 282.6 million units in 2022, according to a report.
The unit growth represents an 11.5 per cent increase over the 253.4 million units shipped in 2021, according to the IDC.
This growth is expected to continue, as IDC forecasts that used smartphone shipments will reach 413.3 million units worth $99.9 billion in 2026 with a compound annual growth rate (CAGR) of 10.3 per cent from 2021 to 2026.
“Attractive price points are critical for growth as cost savings remain the primary benefit. However, a high-end inventory struggle due to elongated refresh cycles in the new market has used prices growing over 11 per cent in 2022,” said Anthony Scarsella, research manager.
Trade-in programmes continue to be the driving factor for the new and used smartphone market globally.
Additionally, in mature markets such as the US, Canada, and Western Europe, trade-in continues to play a significant role in speeding up refresh cycles through telco and retail-driven promotions, said the report.
The increased sale of higher-priced devices in the new market has also created a circular effect as many of these aggressive trade-in deals feature primarily on premium devices.
“How long these aggressive trade-in offers last remains a big question for buyers and sellers. Eventually, narrow margins will impact the overall profits of the channel, vendor, or perhaps both,” the report added.
Latest Technology News
Top News
Goa: 156 kg drugs worth more than Rs 3.60 cr seized in 8 months of FY23
Bigg Boss 16, Jan 16 LIVE: Contestants clash in nomination task; Ticket to finale race begins
Hockey World Cup 2023 | 3 time winners Australia held by Argentina, Dutch thrash Black Sticks
Related Technology News
Samsung launches Galaxy A14 5G and Galaxy A23 5G in India: All you need to know
Intel Launches 13th-Gen Core I9 Processor With 6GHz Speed: Check Details
Samsung Galaxy S23 Series: Everything We Know So Far
Google response to the CCI ruling: Smartphones to be more expensive, user security at risk
New Chromecast with Google TV may feature on the Home app
Latest News
Wondering how to maintain hygiene while traveling? Here are some tips to follow
Goa: 156 kg drugs worth more than Rs 3.60 cr seized in 8 months of FY23
Hockey World Cup 2023 | 3 time winners Australia held by Argentina, Dutch thrash Black Sticks
Joshimath: Number of buildings with cracks rise to 849; dismantling of unsafe hotels underway
© 2009-2023 Independent News Service. All rights reserved.  
Haqiqat Kya Hai: PM Modi flags off Secunderabad-Visakhapatnam ‘Vande Bharat Express train’
Kurukshetra: Asaduddin Owaisi mocked Rahul Gandhi over half t-shirt; Congress counter backed
Muqabla: BSP not to form alliance with any party for an upcoming polls: Mayawati
Aaj Ki Baat: PM Modi flagged off Ganga Vilas Cruise from Varanasi; Know cost & everything
Haqiqat Kya Hai: How much construction completed so far of Ayodhya Ram Mandir; WATCH | PM Modi
Auto Expo 2023: MG Motor India unveils revolutionary hydrogen fuel-cell powered ‘Euniq 7’
Auto Expo 2023: WardWizard unveils high-speed electric scooter ‘MIHOS’ with advanced technology
Auto Expo 2023: Everything you need to know about Maruti Suzuki’s new Fronx SUV
Tata Power unveils plans of setting up 25,000 EV charging points across the country
Tata to open EV cell manufacturing plants in India, Europe
Goa: 156 kg drugs worth more than Rs 3.60 cr seized in 8 months of FY23
Joshimath: Number of buildings with cracks rise to 849; dismantling of unsafe hotels underway
Gehlot Vs Pilot reemerges as paper leak issue snowballs in poll-bound Rajasthan
BJP national executive: Strategy for 9 states, LS 2024 polls top agenda
Aaj Ki Baat: Full episode, January 16, 2023
Bigg Boss 16, Jan 16 LIVE: Contestants clash in nomination task; Ticket to finale race begins
An Action Hero OTT release: When and where to watch Ayushmann Khurrana, Jaideep Ahlawat’s movie
Bigg Boss 16: Ex- contestants Ankit Gupta and Gautam Vig to reunite in new TV show Junooniyat
Avatar’s James Cameron has watched RRR twice, overwhelmed Rajamouli reveals in stirring post | PICS
Critics Choice Awards 2023 Winners FULL LIST: RRR, Avatar The Way of Water, Better Caul Saul win big
“Forced Pakistan go around globe with begging bowl:” PTI leaders share old video of PM Modi I WATCH
Nepal plane crash: Aircraft earlier owned by Kingfisher Airlines, says Cirium Fleets Data
Afghanistan: Former minister, bodyguard shot dead in Kabul
Nepal plane crash: Black box found, rescue ops resume | 10 points
Nepal: UP youths on ill-fated Yeti Airlines flight capture plane crash on Facebook LIVE | WATCH
Hockey World Cup 2023 | 3 time winners Australia held by Argentina, Dutch thrash Black Sticks
Australian Open 2023 | Nadal fights in 1st round, Swiatek marches in 2nd round; key results on Day 1
‘Road to recovery has begun…’: Rishabh Pant opens up for first time after horrific car crash
Women’s U-19 T20 World Cup | Shafali Verma, Shweta Sehrawat lead India crush UAE
IPL 2023 | Former Indian player and national selector appointed in coaching staff of Punjab Kings
Rakhi Ka Swayamwar to wedding with Adil Durrani; here’s a look at her controversial love life
Top moments form India vs Sri Lanka 3rd ODI featuring Virat Kohli, Shubman Gill
Black Panther Wakanda Forever India version: Hrithik to Deepika, dream Bollywood casting
Bigg Boss 16: Sumbul Touqeer to Archana Gautam, contestants’ sultry photos you cannot miss
In PICS: Miss Universe 2022 R’Bonney Gabriel’s crowning moment
WHO calls for Global Health Emergency on sepsis; know its symptoms, risk factors and treatment
Actress Mamta Mohandas diagnosed with autoimmune disease vitiligo; know all about the disorder
US researchers eye developing mucosal vaccines for respiratory viruses
Researchers tests AI tool that predicts the risk of lung cancer
Do you experience headaches due to cold air? Know quick home remedies to get rid of it
BLACKPINK Jennie’s hottest looks will make you fall in love with the K-pop star all over again| PICS
Critics Choice Awards 2023 Best Dressed: Julia Roberts, SS Rajamouli, Andrew Garfield & more stun
Miss Universe 2022: R’Bonney Gabriel from USA crowned by Harnaaz Sandhu, watch winning moment| VIDEO
Miss Universe 2022: Divita Rai out in semi-finals; India couldn’t make it to the top 5
Zodiac signs must make and keep THESE promises to themselves in 2023
Samsung launches Galaxy A14 5G and Galaxy A23 5G in India: All you need to know
Intel Launches 13th-Gen Core I9 Processor With 6GHz Speed: Check Details
Samsung Galaxy S23 Series: Everything We Know So Far
Google response to the CCI ruling: Smartphones to be more expensive, user security at risk
New Chromecast with Google TV may feature on the Home app

source

Leave a Comment

Your email address will not be published.