Estimated to be worth $17 billion, the global secondary device market continues to grow. Counterpoint Research reported that worldwide sales of refurbished smartphones were at 140 million units in 2018. Though this was just a 1% growth over 2017, India realized a 14% growth of pre-owned device sales equalling 14 million units.
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Can Xiaomi hold its own in the Indian pre-owned market?
Topics: TechTalk
After months of planning and preparation, Mobile World Congress (MWC) now seems like a distant memory. With headlines and column inches over the past few months full of talk of 5G, 5G trials and 5G firsts, it comes as no surprise that the big focus for this year’s show was on the next generation of cellular technology.
Topics: Device Trade-in Solutions, Sustainability
2018 was an eventful year for the global smartphone market. We saw the usual flurry of new devices from the likes of Apple, Google and Samsung; we saw rumors and news stories about 5G devices, and we saw players such as Huawei, Xiaomi and OnePlus shake up the market, addressing consumer demands for lower priced devices, with more innovation.
Topics: Device Trade-in Solutions, Device Insurance Solutions
Why European mobile operators need to look across the pond
HYLA Mobile began investing in the secondary device market in 2009. And almost a decade later, the market has become a multi-billion-dollar industry that continues to grow year on year. In fact, research from Counterpoint has shown that the fastest growing global smartphone market last year was for refurbished smartphones, which grew by 13%.
Topics: Device Trade-in Solutions
“The goods of today are the resources of tomorrow, but at yesterday’s prices.”—Walter Stahel, Founder of the Product-Life Institute.
Topics: Device Trade-in Solutions
What’s the Next Move for the Cost-Conscious Apple Fan?
The iPhone 8 was recently hailed the best-selling smartphone in the world according to Counterpoint Research. Despite being based on a four-year-old design, the iPhone 8 now outsells every other smartphone, including the more advanced iPhone X.
Topics: Device Trade-in Solutions
Can the US and Chinese Smartphone Markets Relax Just Yet?
It’s been quite the rollercoaster ride for US and China on talks of trade and tariffs. I am of course referring to the Trump administration who proposed a 25% tariff on some 1,300 Chinese imports, then agreeing to suspend the $150 billion in tariffs, but soon after said the US would move forward with tariffs on $50 billion of Chinese imports.
Topics: Device Trade-in Solutions
Apple’s Q2 Earnings: Were they given a helping hand from the Secondary Device Market?
Prior to Apple’s earnings, there was a lot of industry discussion about what its results would reveal, and how well the iPhone X had done in terms of shipments. According to newly released CIRP data, Apple’s iPhone 8 sales made up 23% of total iPhone sales for Q1, while the iPhone 8 Plus accounted for 21%, putting the lower-cost models at 44% of the market. CIRP stated that the iPhone X share fell from 20% to 16% in the December quarter, while combined sales of the iPhone 8 models rose three percentage points in the same period, up from 41%.
Topics: Device Trade-in Solutions
Pre-owned devices and rising prices: HYLA Mobile talks smartphones at MWC 2018
In the mobile and telecoms industry, February is dedicated to one thing—Mobile World Congress (MWC). As the world’s largest event for the mobile industry, attracting over 100,000 attendees and more than 2,300 exhibitors, MWC is an event that simply cannot be missed.
Topics: Analytics
The smartphone market was rarely out of the spotlight in 2017. It was a busy year for flagship device launches, relentless marketing efforts, and a certain 10-year anniversary.
Topics: Device Trade-in Solutions