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The evolution of the refurbished phone market

januari 12, 2022

The evolution of the refurbished phone market
Approximately 350,000 phones are thrown away each year worldwide.
Phones alone will account for around 16% of the footprint of all digital technologies by 2025. This is due to their costly manufacturing and exploitation of scarce resources with a high CO2 impact.

The average life span of a phone is just under 3 years. People are used to changing their phone despite the fact that it often still works very well.

The good news is that the second-hand mobile phone market is booming: today, almost 225 million smartphones have been sold second-hand.
What's more, these days just under 80% of the components that make up a mobile phone are recyclable. ♻️

To affirm once again that the second-hand market is on the rise 📈, we can observe that the more generations have advanced, the more technologies have advanced, and consequently, the price of mobiles has increased. Today you can find phones at 1500€ each. This is why people also prefer to buy cheaper phones in good condition, i.e. second-hand phones, to avoid wasting too much money on one device.


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