question archive Buying and selling used phones and tablets used to be something that happened ona handful of online marketplace sites
Buying and selling used phones and tablets used to be something that happened ona handful of online marketplace sites
Subject:WritingPrice: Bought3
Buying and selling used phones and tablets
used to be something that happened ona
handful of online marketplace sites. But the
used and refurbished device market has grown
considerably over the past decade, and a new
IDC (International Data Corporation) forecast
predicts that the used phone market would be
worth $52.7bn by 2023 with a compound
annual growth rate (CAGR) of 13.6% from 2018
to 2023. This growth can be attributed to an
uptick in demand for used phones and tablets
that offer considerable savings compared with
new models.
Refurbished and used devices continue to
provide cost-effective alternatives to both
consumers and businesses that are looking to
Save money when purchasing one. There are
plenty of other benefits associated with the
used device market. Used and refurbished
devices can be sold with warranties and can
also be insured with proof of purchase. Third-
party vendors/platforms, such as Verizon,
Amazon, etc., provide attractive offers to
customers for refurbished devices. Maximizing
the longevity of devices through second-hand
trade also reduces their environmental impact
