smartphone market
India is the second largest smartphone market in the world. According to a recent report by Canalys, there has been a 9 percent growth in smartphone shipments in India. Apart from new ones, there has been a huge demand for old and used smartphones in India. Especially the number of people buying expensive second-hand phones has increased rapidly. In India, smartphones are considered a status symbol, so the sale of expensive second-hand smartphones has increased since then.
Growth of 3 to 4 percent
According to market research firm IDC, there has been a 3 to 4 percent growth in sales of older, i.e. refurbished, smartphones in India. At the same time, there has been a slight drop in sales of recently launched premium smartphones. The refurbished smartphone market in India is growing at a rate of 8 percent every year. Shipment of refurbished smartphones in India is estimated to exceed 26.5 million by 2028.
That’s why you buy old phones
According to IDC, everyone from school and college students to working professionals are buying new smartphones. When buying a second-hand, that is, refurbished, smartphone, they do not look at whether the phone is refurbished, but rather take into account the price, brand, etc. of the phone. The quality of hardware used in smartphones has seen a huge improvement in recent years. For this reason, users do not hesitate to buy second-hand mobile phones in good condition.
4.7 crore phones shipped
According to a new report by Canalys, the Indian smartphone market has seen tremendous growth. The Indian smartphone market witnessed a growth of 9 percent in the third quarter of the year. According to the report, a total of 47.1 million or more than 4.7 crore smartphones were shipped in the last quarter. Chinese brand Vivo has shipped the maximum number of smartphones between July and September. The company’s market share has increased to 19 percent. This time last year, Vivo’s market share was 17 percent. The company has shipped a maximum of 9.1 million units in the Indian market in the last quarter (Q3 2024).
