2023 global used smartphone shipments exceeded 195 million units, a 6.4% increase from 2022, with Apple and Samsung controlling 64% of the market.

In 2023, global used smartphone shipments surpassed 195 million units, a 6.4% increase from 2022, valued at $72.9 billion, up 12.4%. Apple and Samsung dominate the market with nearly 64% share. The used smartphone sector is expected to grow to 257 million units by 2028, with a compound annual growth rate (CAGR) of 5.7%, outpacing the new smartphone market's projected 2.8% CAGR during the same period.

September 25, 2024
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