REPORT

Analysis of “Refurbished Phones” market for EasyPhones.

Introduction

Refurbished phones are used mobile devices that have undergone a thorough
inspection, repair, and restoration process to bring them back to like-new
condition. These phones provide consumers with a cost-effective alternative by
providing dependable performance and functionality at a fraction of the price of
brand-new gadgets. They are a sustainable option that encourages a more
environmentally friendly use of technology and reduces electronic waste.

Few platforms:

• Cashify: Cashify is a prominent platform in India that not only buys

used smartphones but also sells certified refurbished phones from
top brands.
• Amazon Renewed: Amazon's Renewed program is available in India
as well, offering a range of refurbished electronics, including
smartphones.
• ShopClues: ShopClues features a refurbished mobile section where
you can find certified pre-owned smartphones.
• 2GUD by Flipkart: 2GUD is Flipkart's platform for refurbished
products, including mobile phones, which are thoroughly tested and
certified.
• Quikr: Quikr is known for its classifieds, and they also have a section
dedicated to selling refurbished smartphones.

Market in India:
Interest by subregion

Interest over time of 5 years

1
The current trending thing which in happening in the Indian Market about the
refurbished phones.

India led the global refurbished smartphone market in 2022 with 19% YoY
growth, followed closely by LATAM with 18% YoY growth. In terms of brands,
Apple's global volumes grew 16% YoY in 2022, taking its secondary market
share to over 49%.

2
Condition of refurbished phones:

1. Superb
2. Good
3. Fair-condition
4. Open Box

Refurbished VS Used Phones

Criteria Refurbished Phones Used Phones

Condition Usually restored to like-new condition
through repairs and testing.
Quality Thoroughly inspected and tested to meet
Assurance specific quality standards.
Warranty Often comes with a limited warranty,
ranging from a few months to a year.
Sold as-is with varying levels of
wear and tear.
Generally, not tested or certified by a
third party.
Typically sold without a warranty,
unless specified by the seller.

Source Can be refurbished by the manufacturer or Previously owned by individuals and

reputable third-party companies.
Price Generally priced higher due to
refurbishment costs and quality assurance.
Reliability More reliable, as they have been repaired
and tested for functionality.
Cosmetic Often restored to near-perfect cosmetic
Condition condition, with minimal or no visible
defects.
Accessories May include original or aftermarket
accessories, depending on the seller.
Return Often comes with a return policy or
Policy satisfaction guarantee for a limited time.
Certification Some are certified by manufacturers or
reputable refurbishment companies.
Availability Limited to models currently being
of Models refurbished by the manufacturer or third
parties.
Risk of Lower risk, as they are typically repaired
Hidden and tested for known issues.
Issues
sold in their existing condition.
Typically priced lower, but can vary
widely based on condition.
Reliability can vary widely
depending on the previous owner's
usage.
May have visible signs of wear and
cosmetic imperfections.
May or may not include original
accessories; varies by seller.
Return policies vary by seller and
may be less generous.
Generally not certified, and
condition is subjective.
Wide availability of various models
and generations.
Higher risk of hidden problems, as
they are sold in their existing
condition.