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[Debate] [MIUI Debate #116]Would You Prefer to Buy Refurbished Phones Over Brand New One?

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02:50, Jun-28-2018 | From PC
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Go to reply no.
This post was edited by Prince26712 at 10:15, Sep-14-2018

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Greetings Dear MIUIers & MI Fans,
     Refurbished phones are the smartphones which have been unboxed earlier, but returned to the manufacturer due to some unexpected & unresolved issues, which are solved later & made available to sale for the price quite lower than the actual selling price. Refurbished smartphones are pre-owned smartphones that are collected, rejuvenated or repaired to be sold again in the market. Only 25% of all pre-owned phones are sold back into the market. Of these, only some are refurbished.


Refurbished.jpg

     According to the recent report by Counterpoint Research's Refurbished Smartphone Tracker, it has been found that the Refurbished Smartphone Market has grown unexpectedly by 13% YoY in 2017, reaching close to 140 million units! Whereas, the global new smartphone market has experienced the growth of 3% last year. Thus, being outpaced by refurbished 'Second Life' smartphones!

Screenshot_2018-06-27-23-42-15-410_com.android.browser.png

     Commenting on this important trend, Research Director, Tom Kang, highlighted, “With 13% growth, refurbished smartphones are now close to 10% of the total global smartphone market. The low growth of the new smartphone market in 2017 can be partially attributed to the growth of the refurb market. The slowdown in innovation has made two-year-old flagship smartphones comparable in design and features with the most recent mid-range phones. Therefore, the mid low-end market for new smartphones is being cannibalized by refurbished high-end phones, mostly Apple iPhones and, to a lesser extent, Samsung Galaxy smartphones.”

refurbished-smartphones-720x720.jpg

     “Regions seeing the highest volume include the US and Europe. While the fastest growing markets for refurbs include Africa, SE Asia and India. All have been seeing initiatives from the major operators (e.g. Verizon, Vodafone etc.), OEMs (e.g. Apple) and major distributors (e.g. Brightstar) who are adding full life-cycle services. The industry uses data analysis to predict future resale values of devices, which means consumers can be given a guaranteed buy-back value at various points during their ownership. This helps consumers to manage the high cost of the latest flagship smartphones – or at least to obtain a useful contribution to partially offset the cost of their next phone.” Added Mr. Richardson, Research Director, Counterpoint Research.

So, what's your take?


Would You Prefer To Buy Refurbished Smartphones Over Brand New One?

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10:43, Jun-28-2018 | From Redmi Note 4X
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No,i prefer brand new phone...

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10:44, Jun-28-2018 | From Redmi Note 4X
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thanks for sharing

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10:46, Jun-28-2018 | From Redmi Note 4X
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I always go for new phones.

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10:47, Jun-28-2018 | From PC
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I buy Refurbished Phone only if the battery is removable !

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10:47, Jun-28-2018 | From PC
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No, I Won't Buy Refurbished Phones

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10:48, Jun-28-2018 | Via mobile
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Never..

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10:51, Jun-28-2018 | From PC
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No. I Won't Buy Refurbished Phones!

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10:51, Jun-28-2018 | From PC
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well, if it suits you, no one judge you its just a phone

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10:52, Jun-28-2018 | From Redmi Note 5
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Yes, I Would Like to Buy Refurbished Phone Instead of Brand New!

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