A new report has ranked residents of Delhi at number one as far as selling used smartphones is concerned.
According to the report titled ‘Second Hand Smartphone Market in India’, 19 per cent of online requests generated on ecommerce app ‘Cashify’ to sell used smartphones came from Delhi.
The report places residents of Bengaluru at number two with 15 per cent of request generated to sell used smartphones coming from the Karnataka capital.
In Mumbai, 11 per cent sent requests to sell second-hand smartphones while Gurugram generated seven per cent request to sell used smartphones.
"Chennai's numbers are the most surprising among all markets. Ranking fourth as a second-hand market after Delhi, Bengaluru and Mumbai, the city generates eight per cent of requests to sell used phones," the report said.
Since the number of mobile users in India is expected to reach 990 million by 2020 and the average selling price of smartphones are plummeting, it is anticipated that by the next quarter, Hyderabad and Pune will be the emerging markets to look forward to in the second-hand smartphone market, the report added.
(With IANS inputs)