- India leads in refurbished smartphone as well as feature phone markets.
- The refurbished smartphone market saw a decline globally.
- In next three years, over a billion feature phones are predicted to be sold globally.
India registered the maximum growth of 14 percent even as global markets cumulatively registered a decline in the refurbished smartphone segment in 2018, Counterpoint Research said in its Refurbished Smartphone Tracker. The firm said that the refurbished smartphones market slowed to 1 percent year-over-year growth in 2018, reaching close to 140 million units. It attributed the slowdown to the 11 percent drop in new smartphone sales in China and the US.