TL;DR: Smartphones are the biggest category of refurbished electronics, and 62% of all refurbished smartphones are iPhones, creating the opportunity for Swappie to build the vertically-integrated Carvana of iPhones—buying, refurbishing, and reselling iPhones around the world. Sacra estimates that Swappie hit $213M in revenue in 2023, with growth plateauing amid longer phone replacement cycles and tightening inventory. For more, check out our full report and dataset on Swappie...