Institution: The global second-hand smartphone market is undergoing a transformation

According to the latest research by Counterpoint, the mature second-hand device markets in Europe, the United States, and Japan are expected to show overall flat performance in the first half of 2025, with an average year-on-year growth of about 1%. Factors such as market fragmentation, rising costs, and extended replacement cycles have collectively impacted both the supply and demand sides of the second-hand smartphone market. In contrast, emerging markets such as Africa, India, Southeast Asia, China, and Latin America continue to remain active, with an average year-on-year growth of about 4%, significantly higher than the global average. Overall, the iPhone 12 and 13 series remain the main models for refurbished sales in mature markets, while with rising demand, the Samsung S series is expected to perform stronger in specific markets like the United States in the coming months. (Jiemian)