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India loves ‘pre-loved’ smartphones, sees spike in demand for used phones, Apple most popular brand

India has long been known for its massive smartphone market, shipping between 145 and 150 million new devices annually.

This impressive volume places the country second only to China regarding the number of phones shipped. However, while the market has seen some growth, particularly in 2021, recent years have been more challenging for manufacturers.

As a result, Indian consumers are now holding onto their smartphones for longer, with the average replacement cycle stretching from 24 to 36 months.

Rising demand for used smartphones
Interestingly, a recent report by the International Data Corporation (IDC) highlights a new trend: an increased appetite for used smartphones nationwide. A few key factors drive this demand.

One is that despite India’s rapidly growing smartphone market, only about a third of the country’s 650 million mobile users currently have a 5G-capable device.

Most still use 4G phones, so many are turning to second-hand options to upgrade without breaking the bank.

Another driving force behind this shift is the “premiumization” of the market. As new flagship models from major brands become more expensive, many consumers are looking for more affordable alternatives in the form of used phones, allowing them to enjoy premium features at a fraction of the cost.

Apple leads the used phone market.
While Apple has seen steady growth in sales of its new iPhones over recent years, the company is also dominating India’s used smartphone market. According to the IDC report, Apple holds nearly 25 percent of the market share for second-hand devices, making it the top player.

The appeal of owning an iPhone, even a pre-owned one, remains strong among Indian consumers thanks to the brand’s reputation for quality and longevity.

Close behind Apple is Xiaomi, a Chinese smartphone manufacturer that has experienced consistent growth over the last 20 quarters. Xiaomi’s popularity is reflected in new device sales and the second-hand market, where it has a strong presence.

In third place is Samsung, which continues to appeal to a broad range of price points, making it a favorite for new and used smartphones.

Together, these three brands—Apple, Xiaomi, and Samsung—account for nearly 67 percent of all used smartphone sales in India, showcasing their dominance in the market.

Startups fueling the second-hand phone boom
Beyond peer-to-peer sales, a significant portion of used smartphones sold in India comes from specialized platforms such as Cashify, Budlii, Instacash, and Yaantra.

These startups have built consumer trust when purchasing pre-owned phones, offering quality assurance and warranties that give buyers peace of mind.

As these platforms continue to grow, they’re making it easier for consumers to opt for used smartphones, further boosting demand in the country.

With the affordability and accessibility of second-hand smartphones, India’s love for pre-owned devices is only set to grow.

As consumers look for ways to upgrade without splurging on the latest flagship models, the used phone market thrives, making brands like Apple even more popular among bargain hunters nationwide.

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