Also curious, regarding carbon credits earned by those various companies. Can these carbon credits be sold on an exchange or how does it work? It's first time I am seeing carbon credits being issued for refurbished phone businesses, its very interesting.
Hi Sheng, the idea is that refurbishing a device avoids carbon production, that avoided carbon can be wrapped up in a credit, which can be put on an exchange and acquired by another company to offset their own emissions. See here for a more detailed review: https://www.finsur.co.uk/p/avoided-carbon-credits-in-the-consumer
Thanks for the round-up and insights, seems consilidation will be a recurring theme.
Samsung's global trade-in program is interesting. They already run trade-in programs through partnerships with local trade-in operators but usually limited to when customer purchases a new device. So operationally it should not be difficult to pull off, they are just extending the trade-in program beyond being a promotion for new device sales.
I wonder if they will also extend the subsidies (overtrade) for trade-in value in the same way they do for sale of new devices. E.g. if customers buy an S25 you can get extra $100 in trade-in value (overtrade) for various models traded in. They can expense the overtrade subsidy under a sales campaign for a new product launch but it might be difficult to justify this expense if not tied to a new model sales campaign.
Its also interesting they have chosen one partner (Likewize) to run the program globally. In SEA they usually engage multiple trade-in partners depending on local market expertise, I heard they also implemented a "bidding process" for trade-ins among various trade-in partners. Not sure if that is linked to this global trade-in program.
Also curious, regarding carbon credits earned by those various companies. Can these carbon credits be sold on an exchange or how does it work? It's first time I am seeing carbon credits being issued for refurbished phone businesses, its very interesting.
Hi Sheng, the idea is that refurbishing a device avoids carbon production, that avoided carbon can be wrapped up in a credit, which can be put on an exchange and acquired by another company to offset their own emissions. See here for a more detailed review: https://www.finsur.co.uk/p/avoided-carbon-credits-in-the-consumer
Thanks for the round-up and insights, seems consilidation will be a recurring theme.
Samsung's global trade-in program is interesting. They already run trade-in programs through partnerships with local trade-in operators but usually limited to when customer purchases a new device. So operationally it should not be difficult to pull off, they are just extending the trade-in program beyond being a promotion for new device sales.
I wonder if they will also extend the subsidies (overtrade) for trade-in value in the same way they do for sale of new devices. E.g. if customers buy an S25 you can get extra $100 in trade-in value (overtrade) for various models traded in. They can expense the overtrade subsidy under a sales campaign for a new product launch but it might be difficult to justify this expense if not tied to a new model sales campaign.
Its also interesting they have chosen one partner (Likewize) to run the program globally. In SEA they usually engage multiple trade-in partners depending on local market expertise, I heard they also implemented a "bidding process" for trade-ins among various trade-in partners. Not sure if that is linked to this global trade-in program.