target audience: TECH SUPPLIER Publication date: Dec 2023 - Document type: Market Forecast - Doc Document number: # US51463823
Worldwide Used Smartphone Forecast, 2023–2027
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Abstract
This IDC study provides a five-year forecast of the worldwide used smartphone market and its expansion and growth by 2027. This study provides an updated market forecast based upon changes that will impact resellers, OEM vendors, carriers, and consumers.
“Despite the near 10% growth in the market, the secondary market is showing signs of slowdown due to a genuine lack of inventory,” says Anthony Scarsella, research director for IDC’s Mobile Phone program. “With refresh rates extending in most mature markets, acquiring inventory remains the biggest challenge for resellers. Secondary phone retailers are hungry for inventory as the high end of the market continues to be scarce due to customers just holding on to their devices. This lengthening can also be witnessed in the new market where shipments declined 3.5% for 2023.”