Used smartphone demand rises, says IDC - News Summed Up

Used smartphone demand rises, says IDC


The used smartphone market grew by 9.5 per cent in 2023, the International Data Corporation has disclosed. Worldwide shipments of used smartphones, including officially refurbished ones, will reach 309.4 million units in 2023, according to IDC. “IDC forecast new smartphone shipments to decline 3.5 per cent in 2023 as demand, inflation, and political unrest continue to impact the global economy. In contrast, the used market demonstrated fierce resilience to overcome these unforeseen circumstances by displaying nearly 10 per cent growth for the year.”It noted that the used smartphone market continued to grow at an impressive pace when compared to the new smartphone market, which continued to struggle. This lengthening can also be witnessed in the new market where shipments declined 3.5 per cent for 2023.”Nigeria has a large secondhand smartphone market.


Source: Punch January 28, 2024 14:31 UTC



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