Refurbished Market

Most of us have at least 3 or 4 phones by now. From the basic phones that allowed us to only talk, our gadgets have evolved into something powerful. We have AI cameras right now. And over the years, we’ve evolved as consumers, too. But our impulsive decisions are harming our environment more than ever. Especially with respect to electronic waste or e-waste we end up producing.

So, those of you who are learning more about contributing to a better environment and making lifestyle changes, this infographic would be very resourceful. It’s about opting for refurbished phones and its market in India.

What Is It?

A refurbished phone is one where a used phone is returned by a customer and a service associate or an agency repairs it making it as fresh as a new one. This serviced phone is again pushed into the market for customers to buy.

Reasons For Return

Consumers generally return their phones in two circumstances –

• When they upgrade to a new phone
• Or when they change their mind after its purchase

These minimally-used (depends) products are serviced to industry standards, labelled as refurbished and are pushed again in the market for takers.

The Refurbished Phones Market

India has a very strong refurbished phone market, where the industry stands at around $4bn and this is expected to grow at the rate of 20-25% in India in the coming years. In the year 2017 alone, close to 12 million refurbished phones were sold.

Types of Refurbished Phones

Grade A –

• Close-to-brand-new condition
• Little or zero cosmetic damage
• Minimal or no signs of previous use

Grade B

• Light scuffing on the bezel or light scratches on the body

Grade C

• Cosmetic damage reflecting wear and tear
• 100% working condition

Pros of Refurbished phones

Some of the most ideal reasons you should go for refurbished phones are that they are

• Cheap
• Comes with a warranty
• Completely devoid of previous data
• Professionally checked and serviced
• Extensively tested

The Cons

While there are more pros, some cons include

• Newer models are difficult to find
• Shorter warranty period
• Superficial or cosmetic damage

Next time you intend to buy a new phone, you could look at refurbished phones if there are options. You could also share this in your circle to help someone looking for an economical phone out.