CounterPoint: In 2024, the second-hand smartphone market in China will account for 20% of the national sales.
On March 27, news emerged from market research firm CounterPoint Research indicating that the second-hand smartphone market in China (including refurbished and used phones) is expected to account for 20% of the total smartphone sales in the country in 2024.
China remains the world's largest trading center for second-hand smartphones, with its export market continuing to expand. In 2024, the second-hand smartphone market in China is expected to grow by 6% year-on-year, driven by a significant increase in domestic demand.
Reports indicate that Apple's iPhone still dominates the market, but consumers have a limited perception of upgrades in new models, leading some users to start turning to domestic brands.
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