The global market for pre-owned smartphones is experiencing a significant surge, driven by increasing consumer interest in budget-friendly devices and sustainability efforts, according to new data from Circana and B-Stock. As the demand for pre-owned smartphones grows, many users are readily trading in their aging devices, which are resold in thriving secondary markets worldwide. This trend is further fueled by technological advancements that make older models competitive in features and performance, appealing to environmentally conscious buyers. With the smartphone industry facing pressure to reduce e-waste and promote circular economics, the rate of trade-ins plays a critical role in supporting sustainable consumption. Retailers and manufacturers are strategically leveraging trade-in programs to feed the demand for refurbished smartphones, highlighting improved device lifespan and affordability. As the market dynamics continue to shift, businesses are advised to optimize their trade-in practices and capitalize on the burgeoning pre-owned smartphone sector.
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