Apple captures 49% of the refurbished smartphone market in 2022 - Samsung sells almost half as many devices

Apple continues to lead the refurbished smartphone market by a wide margin. The US manufacturer sold almost as many devices marked Refurbished in 2022 as all other companies combined.

Here's What We Know

According to Counterpoint, the refurbished smartphone market is up 5% in 2022 compared to 2021. At the same time, sales of such devices fell 17% in China. The main reason was the outbreak of coronavirus. In India and Latin America sales increased by 19% and 18% respectively.

Apple controls 49% of the market, up 5% from 2021. Samsung's share has fallen from 28% to 26%. The South Korean manufacturer recently started selling refurbished Galaxy S22, Galaxy S22+ and Galaxy S22 Ultra smartphones in the US priced from $619.

Vivo and OPPO each accounted for 3% and Huawei for 2%. All other companies combined for 17% of the market. Refurbished 5G-enabled smartphones accounted for 13% of all devices by the end of 2022.

Source: Counterpoint