Source: The Register
The secondhand smartphone market is growing because consumers face tighter budgets and skepticism toward expensive flagships loaded with AI features that don't justify their cost. This directly threatens Apple and Samsung's upgrade cycles. Both companies now compete not just with each other but with their own used inventory—a structural problem their margin-dependent models weren't built to handle. Refurbished devices from 2-3 years ago perform the work consumers need. The $1,000+ price point no longer sells on innovation alone.