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Smartphones: Used is the new cool
Ever used a second hand high-end smartphone? That\'s a growing trend now, according to a new survey report. Market research firm Gartner recently released a report projecting the used smartphone market to roughly double to 120 million units, or a wholesale value of $14 billion by 2017, CNET reported.
New York: Ever used a second hand high-end smartphone? That's a growing trend now, according to a new survey report. Market research firm Gartner recently released a report projecting the used smartphone market to roughly double to 120 million units, or a wholesale value of $14 billion by 2017, CNET reported.
With consumers in mature markets upgrading their smartphones every 18 to 20 months, the inevitable question is what happens to the old device? Previously, used cellphones primarily ended up in the hands of consumers in developing markets. But that's changing. With consumers increasingly looking to tighten their purse strings, a year-old smartphone looks like a cool deal. And for those who hanker for the latest, selling off the old high-end phone is an attractive way to bolster their funds.
