Samsung-Galaxy-S6-Edge-Plus-250x316Samsung is planning to launch a new program selling refurbished used versions of its smartphones as early as next year, according to sources who spoke to Reuters.

The Korean tech firm is seeking ways to sustain its earnings after the company posted its best profits for two years following a restructuring of its mobile lineup. With the smartphone market plateauing, Samsung hopes that selling the returned handsets as part of its upgrade programs will help it maximize cost efficiency and keep its operating margins above 10 percent, reports Reuters.

The discounted handsets are said to be coming to customers tied to upgrade programs in markets like the U.S. and South Korea, however there's no official word on how much the discount will be, or which countries the program is coming to.

Apple already sells used phones in several markets including the U.S., but was recently blocked from selling refurbished handsets in India, where high-end devices are beyond most buyers.

Reuters notes that an iPhone has a re-sale value of around 69 percent of its original price after about one year from launch, while Samsung's flagship Galaxy sells for 51 percent of the original price in the U.S. market, according to BNP Paribas.

The program is likely to attract customers previously put off by the high price of Samsung's high-end smartphones, some of which cost up to $800. Selling the used phones in growing markets like India could also be a big hit for Samsung, while offering them in China could could help the company prevent market share encroachment by Chinese rivals, many of which offer low-cost alternatives.

Tag: Samsung

Top Rated Comments

555gallardo Avatar
61 months ago
And yet Macrumors site have more Android/Samsung news than actual apple leaks and news, I think macrumors has ran out of sources for apple news...
It wouldn't if Apple wouldn't focus on watch bands and balloons in iMessage.
Score: 9 Votes (Like | Disagree)
69Mustang Avatar
61 months ago
Android is such a big piece of the pie it's now Samsung fanboys vs other Android fanboys.
This 100%. To some of those guys, Samsung is equivalent to, and just as bad as Apple. It's funny and it mirrors the fanboy arguments between iOS/Android factions. They all have two things in common: fanboys of any ilk are universally annoying and overwhelmingly useless in a discussion.
Score: 7 Votes (Like | Disagree)
radiology Avatar
61 months ago
I own A Galaxy S7 (and an iPhone and iPad) but I'm surprised to see this article here.
Why are you surprised if you often read articles about tooth brushs, thermometers and purses in this website?
Score: 4 Votes (Like | Disagree)
Keane16 Avatar
61 months ago
And yet Macrumors site have more Android/Samsung news than actual apple leaks and news, I think macrumors has ran out of sources for apple news...
It wouldn't if Apple wouldn't focus on watch bands and balloons in iMessage.
Or Apple has run out of ideas.....for MR to leak. Cant blame a rumour site given what has been released in the last 24 months .... Problem is Apple and not MR.

I'm sure MR would prefer to post Apple news....
A few helpful MacRumors links that contain lots of alternatives to Android, Samsung, Watch Band and iMessage Balloon articles:

- https://www.macrumors.com/
- https://www.macrumors.com/mac/
- https://www.macrumors.com/iphone/

Pro Tip: scan the headline, if it doesn't interest you move on to something else.

This site posts more Apple related news than it ever has. It also posts more tutorials, reviews and competitor news in line with Apple's enormous growth and moves into new market segments.
Score: 3 Votes (Like | Disagree)
Telos101 Avatar
61 months ago
I own A Galaxy S7 (and an iPhone and iPad) but I'm surprised to see this article here.
Kinda makes sense given MR reported on Samsung's earnings, plus as Apple's biggest rival...
Score: 3 Votes (Like | Disagree)
MH01 Avatar
61 months ago
A few helpful MacRumors links that contain lots of alternatives to Android, Samsung, Watch Band and iMessage Balloon articles:

- https://www.macrumors.com/
- https://www.macrumors.com/mac/
- https://www.macrumors.com/iphone/

Pro Tip: scan the headline, if it doesn't interest you move on to something else.

This site posts more Apple related news than it ever has. It also posts more tutorials, reviews and competitor news in line with Apple's enormous growth and moves into new market segments.
Pro tip : Drop into an Apple Store . I've never seen them so empty , so reflects nicely what is happening on MR. Try it this week...
Score: 2 Votes (Like | Disagree)

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