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Xiaomi retains its management place within the second-hand smartphone market with a 26% market share adopted by Apple, which has a 20% share. As per insights shared by Cashify, a used-smartphone market, in 2020 on account of Covid-19 induced lockdowns which led folks to work at home and college students attending lessons via on-line mode, demand for smartphones elevated.
Probably the most essential causes for upgrading has been the necessity to have a smartphone with high-speed community connectivity (3G to 4G) and supporting apps for on-line lessons and work at home. “And people who couldn’t afford a brand new smartphone have been seen choosing refurbished units with Mi being the most well-liked amongst this section,” a Cashify survey mentioned.
The survey obtained responses from near 4,000 folks. As per the survey, a majority of Indians most popular shopping for smartphones over laptops, 84% of them upgraded their smartphone inside 14-18 months of buy. No-cost EMI choice and substitute guarantee have been the highest standards for buy.
When it comes to the market share of second-hand smartphones, Xiaomi tops the chart with 26% share adopted by Apple with 20% share, Samsung at 16% share and Vivo and Motorola at 6% every. The survey listed Delhi (23%), Mumbai (13%), Bangalore (11%), and Hyderabad (7%) as the highest 4 for gross sales of pre-owned smartphones. Satellite tv for pc cities reminiscent of Ghaziabad, Faridabad, Ahmedabad and Lucknow have additionally proven strong progress and secured high spots within the upcoming metropolis class.
As per insights from the survey, folks bought their second-hand telephones on the common value of Rs 4,217 in 2020. Smartphones across the age of three years obtained bought probably the most by customers and almost 62% of smartphone points are screen-related, battery points come subsequent with about 21%. As per the survey, 80% of the boys bought their smartphones whereas solely 20% of ladies bought their smartphones in 2020.