With Apple expected to release its earnings report on May 4, the iPhone maker has pinned its hope on India, where refurbished iPhones have quickly gained traction, an indication of...

Global refurbished smartphones saw growth in 2022 despite supply bottlenecks. India became the largest refurbished market in the year due to the effects of the pandemic in China.

Mobile phone sales in China remain sluggish in the second quarter, but sales of used and refurbished phones have been brisk, according to supply chain sources.