What is the Future Forecast of the Refurbished Cell Phone Market in the UK from Today Until 2027?
According to the report released by CCS Insight, refurbished cell phones are still growing in terms of popularity as the demand for these devices has increased by up to as much as 60% in the United Kingdom alone. The demand for refurbished cell phones is growing. (Photo credit: Forbes) There are two possible reasons for this growing interest and these are: The rising prices of premium smartphones from known brands . A perception that mobile phones that are being released are missing innovation already. This led to longer refresh cycles for older phones and lower sales for the latest models. As a matter of fact, many smartphone owners lately are feeling satisfied with their current device that they aren’t exactly thrilled about handing out a large sum just to get the recent model. This is why we are seeing more high quality refurbished cell phones today, not only because of the demand, but also the increasing desire for sustainability too. An Increase in Used Smartphone Mark