# Refurbished iPhones defy depreciation, prices rising in India 2026-08-08T05:46:10+00:00 | Business & Economy | Indian Opinion Desk Corroboration: 1 independent outlet A two-year-old refurbished iPhone 15 now sells for roughly Rs 48,000 in India, nearly double the Rs 25,000 that a similarly aged iPhone 12 cost three years ago, according to a Mint report citing research across platforms such as Cashify and ReFit. The unusual price rise stems from new smartphone prices climbing sharply, up 40% in some cases, while consumers hold on to devices longer, reducing supply entering the second-hand market. Refurbished iPhone demand is soaring from tier-II cities. Platforms like ControlZ are paying 30-40% more to secure devices but still meet only half of demand. Cashify expects to double its iPhone refurbished sales this fiscal. ## Coverage - ndtvprofit.com - livemint.com Tags: consumer behaviour, India, iPhone, refurbished phones, second-hand market, smartphones Canonical: https://indianopinion.org/price-conscious-indians-drive-refurbished-iphone-16-demand/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/price-conscious-indians-drive-refurbished-iphone-16-demand/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes.