Samsung

Global market for refurbished phones grew 10% in Q2

Refurbished smartphones
Boxes of the trefurbished iPhone 5c from a facility in France. Photo: Charly Triballeau/AFP via Getty Images

As the smartphone market matures, people are holding onto their phones longer in developed countries. What's more, even the phones they are done with are increasingly "good enough" for users in emerging markets.

What's new: According to Counterpoint Technology Market Research, the global market for refurbished phones grew 10% in the second quarter of 2018, compared to the market for new smartphones, which dropped 1% from a year ago.

Samsung shows prototype of an unfolding smartphone

Photo: Samsung

At the Samsung Developer Conference on Wednesday, Samsung showed developers one vision of the future of the smartphone: a device with a narrow “cover display” that unfolds into a tablet-like screen thanks to a flexible display.

Why it matters: Samsung needs developers to prepare their apps to work properly on the new device — so, in an atypical move, it is talking about the device before it is commercially ready.

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