A recent report reveals growth in the refurbished smartphone market. Volumes increased by 13 per cent over the same period last year. This rise is attributed to price pressure in the new smartphone market. Consumers are seeking affordable premium devices due to rising costs.

Samsung and Apple are leading brands in this market, with significant shares. The market's growth is driven by demand for budget-friendly options. Further details on the market trends and brand performance are available.

The refurbished market's expansion comes as new smartphone volumes decline. Price sensitivity is a key factor, particularly in certain segments. More information on the report's findings can be found in the original source.