Global Refurbished Smartphone Market Volumes Grew 4% in 2020; Higher Growth Expected in 2021

The global refurbished smartphone market saw healthy growth across most regions in H2 2020. The market more than made up for the slump in H1 2020 with a modest 4% increase in 2020 compared to 2019 volumes. Counterpoint expects a higher increase in 2021. The Surge in H2 2020 Due to the sharp deceleration in H1 2020, mainly due to COVID-19, the refurbished smartphone market saw a rise in demand and supply in H2 2020. Commenting on the dynamics of the market, Senior Research Analyst Glen Cardoza said, "While there was limited supply of smartphones in the secondary market in…