Refurbished Smartphone Market Booms: iPhones Lead as New Device Prices Soar

• India's refurbished smartphone market is set for significant growth, driven by rising prices of new devices and improved quality controls.
• Industry executives and Counterpoint Research predict 7-8% growth in 2025, accelerating further in 2026.
• Companies like Cashify and ControlZ are expanding direct-to-consumer channels after Amazon and Flipkart exited large-scale refurbished sales.
• A 15-20% increase in new device prices, especially in the entry-level segment, is expected to boost demand for refurbished options.
• iPhones are the primary growth driver, accounting for up to 60% of sales for refurbished players, offering an accessible entry point to the Apple ecosystem.

Why It Matters: Rising new smartphone prices and strong iPhone demand are fueling a significant boom in India's refurbished market.