CounterPoint: China's second-hand smartphone market will account for 20% of total sales in 2024, a year-on-year increase of 6%.

In 2024, China's second-hand smartphone market continued to grow, accounting for 20% of the country's total smartphone sales, a year-on-year increase of 6% . According to a report by market research firm CounterPoint Research, China, as the world's largest second-hand smartphone trading center, is also expanding its export market. This growth trend shows that the domestic demand for second-hand smartphones has increased significantly.

Although Apple's iPhone still dominates the market, consumers have limited perception of upgrades to new models, causing some users to turn to domestic brands.

This shift may be related to the improvement in cost-effectiveness and technological innovation of domestic mobile phone brands, which has attracted more consumers seeking affordability and high performance.

CounterPoint Research's report also pointed out that the growth of China's second-hand smartphone market not only reflects consumers' concern about environmental protection and sustainable consumption, but also reflects the market's strong demand for economical smartphones.

As consumers become more and more rational in their consumption, the second-hand smartphone market is expected to continue its growth momentum.