Greek company Pandas, offering smartphone trade-in kiosks, has seen remarkable growth and success throughout 2024 according to a company’s announcement. With its automated instore trade-in kiosks, Pandas seems to attract more and more customers and work closely with a growing number of operators and retailer aiming to place kiosks as close as possible to consumers interested to trade-in old devices.
Instore trade-in kiosks gain traction across Europe
Pandas’ trade-in kiosks are rapidly gaining ground across Europe, providing customers with an intuitive and seamless way to sell their used devices. Earlier reports from SecondaryMarket.News highlighted Pandas’ collaborations with Tele2 and Ringy in Estonia, as well as Germanos and Cosmote in Greece. These partnerships underscore the company’s growing influence in both established and emerging markets.
Significant growth in partner locations and trade-in value
For 2024, Pandas reported today a staggering 348% increase in the number of partner locations. This growth has been accompanied by a 28% rise in the average trade-in value, demonstrating the company’s ability to attract and retain customers with its competitive offerings.
Advanced technology enhances grading accuracy
Pandas’ Flex trade-in kiosks improved their cosmetic grading accuracy by 82%. This advancement ensures that customers receive fair and transparent valuations for their devices, fostering trust and satisfaction.
Apple dominates the trade-in market
As expected, Apple emerged as the most traded-in brand, accounting for 75% of all devices. Samsung followed with 16%, and Xiaomi captured 7%, making up the remaining 25% of Android devices. Surprisingly, the Apple iPhone 11 topped the list of most traded-in models, followed by the iPhone 13 and iPhone 12.
Expanding partnerships strengthen Pandas’ position
In addition to its existing collaborations with Tele2 and Germanos, Pandas has partnered with Orange in Luxembourg, as well as operators like etisalat and T-Mobile. These partnerships highlight the company’s expanding footprint and its commitment to delivering efficient trade-in solutions across diverse markets.
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