This image has been collected from the source mentioned, and we fully acknowledge and credit the original provider for their work. Following this acknowledgment, the article transitions into the primary report, which has been independently written by our team at this news portal. : FILE Smartphone market
India is the second largest smartphone market in the world. According to a recent Canalys report, there has been a growth of 9 percent in the shipment of smartphones in India. Along with new ones, there has been a huge demand for old and used smartphones in India. Especially the number of people buying second hand expensive phones has increased rapidly. In India, smartphones are considered a status symbol, due to which the sale of second hand expensive smartphones has increased ever since.
3 to 4 percent growth
According to market research firm IDC, there has been a growth of 3 to 4 percent in the sales of old i.e. refurbished smartphones in India. At the same time, there has been a slight decline in the sales of newly launched premium smartphones. The refurbished smartphone market in India is growing at the rate of 8 percent every year. It is estimated that the shipment of refurbished smartphones in India will reach 26.5 million by 2028.
This is why you are buying old phones
According to IDC, everyone from school and college students to working professionals are buying new smartphones. While buying a second hand i.e. refurbished smartphone, they do not look at whether the phone is refurbished, rather they keep in mind the price, brand etc. of the phone. The quality of hardware used in smartphones has seen tremendous improvement in the last few years. Because of this, users are not hesitating while buying good condition second hand phones.
4.7 crore phones were shipped
According to a new report by Canalys, the Indian smartphone market has seen tremendous growth. The Indian smartphone market has seen 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. During 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).
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