Green Tech

Dipli’s refurbished market demand rise in Q2 2024

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Dipli’s refurbished smartphone market has experienced a price index decrease in the first half of 2024, with a notable drop to 90.26 in June from 95.43 in February. This decline reflects the typical seasonal trends, which also predict a rise in prices during the summer months. The fluctuation in the index is a natural part of the market’s ebb and flow, influenced by various factors including consumer demand and stock levels.

The consistent high demand for refurbished smartphones, as reported by IDC, is driven by the escalating costs of new devices, heightened environmental consciousness, and the enhanced quality of refurbished models. This demand has not only boosted sales but also depleted inventories, exerting upward pressure on prices. The global market, which stood at 309.4 million units in 2023, is projected to surpass 430 million units by 2027, indicating a robust and expanding industry.

Price reductions observed in April and May have prompted retailers to replenish their stocks in preparation for the back-to-school season in September. This strategic restocking, coupled with the steady consumer demand, has led to a rebound in the price index. The interplay of these factors, governed by the principles of supply and demand, elucidates the recent uptick in the refurbished smartphone pricing at Dipli.

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