This source claims that the refurbished program will launch as early as next year. Not wanting to miss out on a trick, Samsung looks set to launch its own refurbished smartphone program.
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Samsung sold a mind-boggling 81 million phones in the first three months of the year, markedly increasing its market share and out selling Apple by two to one in the process, according to another report by research firm TrendForce.
Apple now sells a slew of refurbished products on its site – almost every product it makes, with the exception of the iPhone family.
Starting as early as next year, customers will be able to buy a refurbished, high-end Samsung smartphone, according to Reuters, which quotes sources familiar with the matter.
After successfully hitting some major markets with the Galaxy Note 7 last Friday, Samsung is already planning to sell refurbished phones to customers.
MailOnline contacted Samsung for comment. It is not yet clear, to what extent the company will refurbish the devices, as claims made by refurbishers say that the company may add new parts which can be a gain of life for the phones. Whereas, Apple sells refurbishes iPhone in all markets, however, it does not disclose its sales figures. It is trying to sell such iPhones in India, where the average smartphone sells for less than $90.
The goal is to get all high-end phones returned by users to the company refurbished. Some market experts expect the used market to grow fast as there are fewer technology breakthroughs.
Samsung could capitalise on the success of the Galaxy S7 with a refurbishment program.
Samsung released the Galaxy S7 edge Injustice Edition in a number of markets like China, Singapore, Korea, Latin America and Russian Federation.
Budget manufacturers including Micromax, Oppo and Xiaomi have chipped away at Samsung’s share of the low-end Android market in recent years. Some of the goods likely never had any issues to begin with; as soon as a buyer opens the shrink wrap on a product, it’s likely going to be sold as refurbished.
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On the other hand, there is a risk because Samsung as of now offers various mid-range smartphones, and offering less expensive, repaired variants of its top of the line handsets could hurt its deals in this division.
