Samsung is going to announce an official refurbished phone programming in the coming days. The program, which could launch "as early as next year," according to Reuters, will offer premium handsets like the Galaxy S and the Galaxy Note for a discount. This will help even out the playing field for people who can't afford to pay full price.
Most of these phones would come from the one-year upgrade program, which is available in places such as the US and South Korea, which gives fans an easier way to acquire the latest handsets and for more people to get the phones.
The used phone program will give Samsung additional income and maximize the returns on each handset. The company will be selling the phone twice at least, with minimal repair costs. Since the Galaxy S6 and S6 Edge, Samsung has had a lot of success with technology. The superior hardware has led to phones that are much more desired than their previous efforts. Still, they are expensive.
Samsung has phones at many price points, but the most desired ones simply aren't at a price people can afford. Refurbished phone sales would, presumably, be popular as well. It would also help Samsung's stake in the smartphone market.
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It is a win-win for Samsung, who is quickly on its way to the top.