The Main Reasons why Refurbished Phone Market is Swelling through 2020

Beate Monk
July 4, 2020

The refurbished phone market shows no signs of slowing down in 2020; this is, according to Statista, a German analysis firm.

Refurbished smartphones are those mobile phones that had a previous owner but have been repaired, cleaned, and tested before being sold to the consumer. Have you ever bought an iPhone and checked on its back, saw that it claims to be designed by Apple in the United States, and has been assembled in China?

Like Ruby Fortune, just like online casinos are being created regularly, phone companies are also releasing new models each day, but the prices are costly for most people to afford. As a result, more and more people are buying cheaper refurbished phones. 

By the end of 2017, the refurbished phone market was worth over $18billion, and this is expected to grow through 2020 at a yearly rate of 10%. So, what are some of the reasons for this trend?

Why are Refurbished Phones on Demand?

Some refurbished phones are as good as new, while others are much older. Here are some of the reasons why people are buying refurbished phones;


  • Cost friendly


If you check out the smartphone mobile market, you will realize how expensive the latest models are. This has forced users to buy refurbished models of recent handsets that are way cheaper. 

The idea that most people have when they hear of refurbished phones is that of an old mobile device with duct tape, a cracked screen and low camera pixels, but this is far from the truth. With these phones, you get the latest technology product that is working perfectly at discounted prices. 

Ensure that before buying a refurbished phone, you carefully browse through trusted providers and you will end up with much more for your money.


  • Less worry about damaging the phone


It is certainly not cheap to repair the latest model phones. 

First of all, if you buy a low cost refurbished phone, it means that you don’t need to worry about damaging it.

One of the main reasons why refurbished phone market is highly growing is that smartphones are delicate and highly prone to accident. A simple screen crack repair would cost you so much forcing you to start looking for a refurbished one. 


  • Variety of options to pick from


When buying a refurbished phone, users are more likely to find a phone that meets their need at an affordable price.

With refurbished phones, people have a variety of options to select from when going through the latest models in the market. The good thing about these phones is that you get to enjoy the technology of your choice at a price you can easily afford. 


  • A chance to uncover old favourites


As new mobile models flow into the market, it could be possible that your favourite model is no longer being manufactured. 

A customer may choose to return a phone to a place they got it from and then the process may take longer that they decide to get another one. One of the reasons for return is that they may need to get a new one to join online casinos like Mr Bet online casino mobile. When the returned phone is fixed at a later date, the owner may decide to sell it as a refurbished phone.

If you are nostalgic about a certain mobile phone, opting for refurbished will give you access to some of the best old favourite from history.

What Condition do refurbished phones come in?

The phone refurbished process goes under various stages.

You can use the refurbished phone to access even your favourite online casinos like Australian casino online Syndicate.

The phone has to be tested to ensure that it can match the standards of a new phone. The condition of the phone should be clear from the grade it is given using the A-C grading system. A is like a new phone while C is average condition.

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