Apple’s second-user smartphone business is booming

According to research firm IDC, the refurbished smartphone market is booming, with sales expected to reach 413 million units by 2026.

$99 billion red balloons

That’s a $99 billion market, so how can Apple take a chunk out of it? (iPhones account for around 82% of the second hand device market, according to CCS Insights and hold value for longer even in that market.)

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