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According to the same report, another contributing factor is increased environmental awareness, as both smartphone manufacture and electronic waste are sources of pollution. In particular, the UK has seen steady growth in the refurbished phone market, with research showing that refurbished phones accounted for 1 in 4 smartphones sold in 2023. [9]
Orchard Labs Inc. is a Canadian e-commerce company that buys and sells used smartphones across North America. The company develops and operates the Orchard mobile app, which allows consumers with iPhones to test, price, and register their iPhone for sale. [1] Orchard then provides these iPhones for sale on its website.
The global market for refurbished smartphones grew by 5% year over year from 2021 to 2022, according to Counterpoint Research. Apple made up half of the resold-phone marketplace in 2022.
In June 2017, The Wall Street Journal reported on Samsung's plan to refurbish its inventory of recalled phones and release them with a new model designation of Galaxy Note FE, the "FE" being an abbreviation of "Fan Edition". The phone was also rumored to be named the Note 7R, with the "R" standing for "refurbished".
Factory-sealed first-generation iPods can command thousands of dollars, while refurbished ones in good or mint condition can sell for around $75. 10. Psion Series 5
Repairs are made with refurbished parts wherever possible, and all disposals are performed in an environmentally responsible manner. [3] In the United States, it is estimated that over 130 million cell phones are thrown away each year, creating over 65,000 tons of electronic waste every year. [4]
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