Semi-New Smartphones Gaining Momentum in Global Markets
Rapidly growing sales of second-hand mobile phones in Mexico, generating a lucrative market valued at approximately 1.6 billion pesos
The market for semi-new smartphones is on the rise, particularly in Mexico, Europe, and the United States. A study by Clevercel, an e-commerce company specializing in the sale of semi-new technology, reveals that the segment represents 13% of the total smartphone market in Mexico, amounting to 800 million dollars.
In Mexico, the demand for smartphones is driven by a young population and increasing internet penetration, leading to a growing need for semiconductors in the region. Mexico is also positioning itself in the semiconductor industry, focusing on older generation chips, which could support local electronics production, including smartphones.
The United States and Europe, on the other hand, have mature smartphone markets, with growth often limited by high market saturation and competition. However, economic uncertainties and consumer preferences for higher-end devices with advanced features like AI influence the demand in these regions.
Factors Contributing to Growth
Several factors are contributing to the growth of the semi-new smartphone market. One significant factor is the growing concern for the environmental impact of consumption. The sale of semi-new smartphones can result in a 10% reduction in electronic waste in the environment, making it an attractive option for consumers looking to make more conscious decisions.
Another factor is the rise in prices of new devices. With the average expenditure on a new smartphone in Mexico predicted to reach 4,627 pesos by the first quarter of 2025, many consumers are turning to semi-new options as a more affordable alternative.
Moreover, the integration of advanced functionalities in current devices, such as professional cameras, biometric access, video game consoles, entertainment centers, learning, productivity, financial tools, among others, has caused a 78% increase in the average expenditure on a new smartphone in Mexico.
Regional Trends
In Europe, the market participation of semi-new intelligent phones is 35%, while in the United States, it is 25%. Despite these numbers, specific data on "semi-new" smartphones might not be directly available for these regions. However, the broader smartphone market trends and semiconductor demand can provide insights into these regions.
Starting tomorrow, there will be a 33.5% tax for the importation from Asian platforms, which could potentially impact the supply and price of new and semi-new smartphones in Mexico. Some companies have already seen a 100% increase in sales of smartphones, indicating a strong demand for these devices in the Mexican market.
It's worth noting that worldwide, cell phones and smartphones generate five million tons of technological waste. The sale of semi-new smartphones can extend the useful life of a device by 10%, contributing to a more sustainable approach to technology consumption.
In Mexico, more than 900,000 tons of electronic waste are discarded annually. The market for smartphones in Mexico is worth 6.1 billion dollars, making it a significant contributor to the country's electronic waste problem. However, the growth of the semi-new smartphone market offers a potential solution to this issue.
In conclusion, the market for semi-new smartphones is gaining momentum in Mexico, Europe, and the United States. Factors such as environmental concerns, affordability, and advanced functionalities are driving the growth of this market. As consumers become more conscious of their impact on the environment, the demand for semi-new smartphones is expected to continue growing.
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