Used Smartphones Are Outselling New Models – Why?

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The International Data Corporation (IDC) recently reported that new smartphone shipments had plummeted 11.3% to 1.21 billion units. By contrast, the global demand for used smartphones is booming, with worldwide shipments surging by 11.5%, and analysts are predicting a rise to 413.3 million units by 2026.

With economic uncertainty and rising prices eating into our budgets, many are beginning to explore how they can reduce tech costs. The biggest expense for many will be the $1,000+ smartphone in their pocket. As a result, many consumers are beginning to question whether the latest model of a smartphone is a luxury or a necessity.

For many consumers, buying a used smartphone is a more intelligent financial decision. Not only do they save money on the purchase price. But they can also save on other costs associated with owning a new smartphone, such as insurance and warranties.

In addition, many used smartphones are refurbished and have undergone quality checks, meaning they can be just as reliable as a brand-new device but at a fraction of the cost.

Buying a used model is also considered to be more sustainable, so consumers can enjoy the benefits of smartphone ownership without contributing to the problem of electronic waste.

The availability of used smartphones has also increased. Many retailers and online marketplaces are now offering a wide selection of devices, making it easier for consumers to find the device they need. Whether you are looking to save money, reduce your carbon footprint, or support a more sustainable future, used smartphones offer a compelling option for anyone looking for a cost-effective and eco-friendly alternative to buying new devices.

As reported by Cybernews.com.