China, India biggest second-hand phone markets, says Cashify COO4 min read 09 Mar 2020, 02:08 PM IST
Last year, 140 million smartphones were sold in India and 40-50 million of them were second-hand phones
Organised refurbished phone market is bigger in the US and Europe
NEW DELHI: Refurbished phones have become a vital cog in India’s smartphone saga. Consumers get a reasonable amount for their old phones, phone companies get a buyer for handsets with minor damages and consumers with limited budget still get to buy the handset they intended to. Above all, it allows a phone to be used to its full life cycle.
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