Refurbished electronics market grows in Hungary amid rising tech prices

The market for refurbished electronics is seeing significant growth in Hungary as consumers seek ways to mitigate rising prices for new technology. According to an analysis by FDM CCS Insight, sales of new smartphones are expected to decline by 12 percent by the end of the year, while the market for inspected, warrantied second-hand devices is projected to expand by 9 percent.

This shift is driven in part by the increasing demand for memory components required for artificial intelligence development, which has inflated the cost of new laptops and mobile phones. As a result, many consumers, including parents shopping for students, are opting for premium refurbished models—such as older iPhone generations—rather than purchasing new, lower-end devices. Platforms like Rejoy are noted as popular options for those seeking verified, high-quality used hardware at a lower price point.