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Gartner UK Ltd Tamesis, The Glanty Egham TW20 9 Surrey http://www.gartner.com
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Gartner UK Ltd

Gartner Says Worldwide Market for Refurbished Smartphones to Reach 120 Million Units by 2017

Rise in Smartphone Reuse Will Motivate Providers to Take a Closer Look at Second-Hand Market

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A survey of US and German consumers by Gartner, Inc. found that 60 per cent of consumers are replacing their smartphones because they are interested in additional functionality, or they "just want" a new device. Consequently, the worldwide market for refurbished phones that are sold to end users will grow to 120 million units by 2017, with an equivalent wholesale revenue of around $14 billion. This is up from 56 million units in 2014, with an equivalent wholesale revenue of $7 billion.

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