Used Phone Sales Surge in Shenzhen, 99-New Models in High Demand

The used-handset market in Huaqiangbei is behaving like a real pricing signal rather than a clearance channel: high-end devices holding value against the usual annual depreciation points to memory-cost inflation feeding through the entire device stack, not just new launches. That matters most for refurbishers and merchants competing for near-mint inventory, and for buyers weighing open-box against new. The open question is whether this firmness reflects a structural cost floor or a temporary squeeze — watch whether buyback competition for near-mint stock eases as memory pricing settles.