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The decline in second-hand smartphone pricing was caused by the popularity of older devices such as the iPhone 11 series. While prices for the 2019 phones have declined sharply in recent years, the three models (iPhone 11, iPhone 11 Pro, and iPhone 11 Pro Max) made up a large share of the shipments of previously used handsets.
“Consumer demand for second-hand smartphones is accelerating, with low-cost iPhones remaining the most popular pre-owned devices. Our data confirms this, showing that market volume and value is dominated by Apple products. As a result, shifts in demand for iPhones are the most important factor affecting the market on a quarterly basis.”-Leo Gebbie, Principal Analyst and Director, Americas,
Apple dominated global second-hand smartphone sales during the second quarter. | Image credit-CCI Insight
Another factor playing a big role in Europe is the Radio Equipment Directive which goes into effect on December 28th and requires all imported devices to come with a USB-C port. The goal is to reduce e-waste by reducing the use of proprietary chargers. CCS Insight believes that this will reduce supply in Europe’s secondary marketplace by 8 million units by 2025.
For this year, CCI Insight expects the global organized secondary smartphone market to outperform last year’s results. It also says that the second-hand smartphone market will do better than new devices as consumers understand the advantages of buying second-hand technology to save money and help the environment.
