Increased Demand for Refurbished Smartphones has Increased Demand for Smartphone Aftermarket Services
The smartphone aftermarket is the secondary market of the smartphone industry, which deals with the manufacturing, remanufacturing, distribution, and retailing of all smartphones and their accessories. More than half of the global population own smartphones. Smartphones have substituted technologies such as landline phones, expensive cameras, and desktop computers. Smartphones have become more affordable and the industry has outpaced PCs and consoles as the largest mobile gaming category. Thus, worldwide smartphone sales have increased. Over the past decade, the booming smartphone market has created a correspondingly thriving handset repair industry across most countries. In the past few years, smartphone penetration has increased in both developed and developing regions, as well as the smartphone market has reached market maturity in some countries. The rise in smartphone usage has created a rapidly growing smartphone repair industry. Increasing popularity of smartphone...