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<\/span><\/figcaption><\/figure>NEW DELHI: Latin America<\/a> (LATAM) and India<\/a> registered the highest growth rates of 29% and 28%, respectively, in refurbished smartphones<\/a> (by volume) in 2021 as the global secondary smartphone market<\/a> saw a surge in demand as well as supply last year, according to Counterpoint Research<\/a>.

Counterpoint said the US, China, and Europe regions have also shown strong growth in volumes from 2020.

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<\/span><\/figcaption><\/figure>“The India and LATAM markets saw the highest growth rates in 2021 and also have the highest future potential growth over the next few years. There were supply shortages in the secondary market in 2020 due to COVID-19 lockdowns and other supply chain disruptions. But the market roared back in 2021,” said Jeff Fieldhack, Research Director, Counterpoint Research.

Fieldhack noted that there is a large appetite for flagships that have the highest point-of-sale prices in India and Latin America. “The secondary market offers consumers the ability to purchase one- to three-year-old flagships at ASPs 40%-70% lower than new versions.”

The research firm said that even as new smartphone shipments grew 4.5% year-on-year in 2021, the global refurbished smartphone volumes witnessed a 15% year-on-year growth.

\"Mobile<\/a><\/figure>

Mobile retailers' body to seek govt intervention against e-commerce onslaught<\/a><\/h2>

\"The situation is extremely fragile due to the unethical, discriminatory, and monopolistic business practices by online sales platforms. Several shops are closed and now retailers are even taking an extreme step like suicide.<\/p><\/div>

\"\"
<\/span><\/figcaption><\/figure>NEW DELHI: Latin America<\/a> (LATAM) and India<\/a> registered the highest growth rates of 29% and 28%, respectively, in refurbished smartphones<\/a> (by volume) in 2021 as the global secondary smartphone market<\/a> saw a surge in demand as well as supply last year, according to Counterpoint Research<\/a>.

Counterpoint said the US, China, and Europe regions have also shown strong growth in volumes from 2020.

\"\"
<\/span><\/figcaption><\/figure>“The India and LATAM markets saw the highest growth rates in 2021 and also have the highest future potential growth over the next few years. There were supply shortages in the secondary market in 2020 due to COVID-19 lockdowns and other supply chain disruptions. But the market roared back in 2021,” said Jeff Fieldhack, Research Director, Counterpoint Research.

Fieldhack noted that there is a large appetite for flagships that have the highest point-of-sale prices in India and Latin America. “The secondary market offers consumers the ability to purchase one- to three-year-old flagships at ASPs 40%-70% lower than new versions.”

The research firm said that even as new smartphone shipments grew 4.5% year-on-year in 2021, the global refurbished smartphone volumes witnessed a 15% year-on-year growth.

\"Mobile<\/a><\/figure>

Mobile retailers' body to seek govt intervention against e-commerce onslaught<\/a><\/h2>

\"The situation is extremely fragile due to the unethical, discriminatory, and monopolistic business practices by online sales platforms. Several shops are closed and now retailers are even taking an extreme step like suicide.<\/p><\/div>