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Nowadays, branded companies buy their old products from customers, redevelop them and bring them back to the market. Is it profitable for us to buy such remanufactured products? Are they safe? Let’s see in this message.
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Nowadays electronic products are being redeveloped by companies so that there is no defect in their quality and performance. At the same time we also get the required warranty.
Soumitra Gupta, CEO of Extra Cover, said that while there are many reasons why the refurbished electronics market is growing rapidly, the main reason is the ability to buy smartphones at lower prices.
Regarding this, he said, “Today, the work from home system is increasing after the corona epidemic period. As many people have started working from home due to this, the requirements of computers, modem smartphones etc. have increased. Apart from that, the cash flow has decreased. In such an environment, customers prefer to buy refurbished electronics,” he said.
As we throw away used electronics, electronic waste known as e-waste accumulates in the environment. Managing the huge amount of waste generated in India is a huge challenge as the efficiency of recycling electronics is low. Apart from this, as very rare minerals are used to make electronics catcats, there is a possibility of shortage of them. Therefore, using already manufactured products for long periods of time or repurposing them will protect the environment.
Compared to a new electronics item, the price of a refurbished item is less than half. This way you can save a lot of money. As electronics are remanufactured by well-specialized manufacturers and reputable companies, they often do not lose functionality.
When the products are redeveloped and sold on behalf of the original manufacturers, they provide a warranty in the interest of the customer. This increases the confidence to buy the product. Risks of material loss are reduced.
Both hardware and software are updated as far as electronics are concerned. Thus these products are at par with a new brand available in the market.