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The used smartphone market in 2021 was the highest ever, and a large influx of new iPhones sold at a bargain

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MM Research Institute announced the transition and forecast of the used smartphone market size in 2021. The market was revitalized by the influx of new and unused iPhones that were sold at a large discount such as “1 yen in a lump sum”, and the number of used smartphones sold reached a record high. The second-hand market is expected to continue expanding, partly due to rising iPhone prices.

“Bulk 1 yen” Market revitalization with mass supply of iPhone

According to MM Research Institute, the number of used smartphones sold in 2021 was 2.12 million units (up 14.6% from the previous year), the highest ever.
 
New and unused iPhones sold by major carriers at a large discount such as “1 yen in a lump sum” flowed to the second-hand market as they were, and the market expanded due to increased use by users and corporations who use multiple terminals properly. MM Research Institute analyzes that it has expanded.
 
In addition, it seems that many iPhones sold at a bargain price have leaked not only to the domestic market but also to overseas markets.
 
MM Research Institute

 
MM Research Institute predicts that the used smartphone market will continue to expand, with sales of 2.41 million units in 2022 (up 13.7% from the previous year) and 3.42 million units in 2026.

Inflow of light layer that stands out in flea market

The purchase and sale of used smartphones is shifting to online services such as flea market services.
 
When listing used smartphones on flea market services, those with high literacy generally list the serial number (IMEI) required to check the status of network usage restrictions and activation locks.
 
However, according to the announcement of Belong, which operates the used smartphone EC site “Nikosuma”, the number of transactions listing IMEI decreased from 441,000 in 2020 to 362,000 in 2021, a decrease of 18% from the previous year. ..
 
This is because the IMEI listing ratio has decreased due to an increase in listings by light people with low literacy, and MM Research Institute predicts that transactions on flea market services and EC will increase.

Increased demand for used terminals due to iPhone price increase

Although the selling price of iPhone in Japan was raised in July 2022 due to the progress of the depreciation of the yen, it is expected that the price of both iPhone and Android smartphones will increase due to the increase in costs such as material costs, manufacturing costs, and transportation costs.
 
MM Research Institute predicts that the used smartphone market will continue to expand as the needs for used smartphones are expected to increase for both individuals and corporations as prices continue to rise in various fields.
 
 
Source: MM Research Institute
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