business π± Why Indian buyers are ditching new phones for refurbished ones
Due to rising costs, many middle-class Indians are shifting towards buying refurbished smartphones. This trend is showing in market data, where pre-owned phones were 26% of sales between January and May. Handset prices have reportedly risen by up to 70% since November, making premium models less accessible. Consumers are opting for certified refurbished devices to get premium phones like the iPhone 16 without the full new price tag. This market is projected to grow significantly, with India being a major opportunity for refurbished electronics. π±