Consumers are prepared to spend more on environmentally friendly phones-Report
Fast-changing consumer attitudes towards repair and reuse of mobile phones are driving a rapidly growing market for ‘circular’ devices and services which could exceed $150bn by 2027, according to a new report published by GSMA.
The GSMA’s ‘Rethinking Mobile Phones: the Business Case for Circularity’ report which surveyed more than 10,000 mobile phone users across 26 countries worldwide, showed that evolving consumer attitudes, regulatory changes and the growing impacts of e-waste are converging to challenge the traditional linear business model of the mobile phone industry.
The report said more than 70 per cent of consumers surveyed globally stated that they would be prepared to spend more on environmentally friendly phones.
It highlighted the growing opportunit...