OpenClaw Surge Drives Demand for Used Macs
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 19 2026
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Should l Buy RERE?
Source: CNBC
- Surge in Used Mac Demand: The popularity of the OpenClaw AI tool in China has led to a significant increase in demand for secondhand Mac computers, with prices remaining at levels typically seen during new iPhone release seasons, indicating strong market interest in high-performance devices.
- Price Strategy Adjustment: According to ATRenew's Chief Strategy Officer, while prices usually drop in spring, the prices for used Apple products from March to May this year have remained consistent with peak autumn levels, reflecting ongoing enthusiasm for secondhand Macs.
- Chip Upgrade Trend: An increasing number of consumers are trading in their older MacBooks with M1 and M2 chips for newer models equipped with M4 or M5 chips, indicating a rising demand for enhanced computing power, which is expected to continue throughout the year.
- Market Share Growth Expectation: ATRenew anticipates that the share of MacBooks and other personal computing devices in its business will grow from 15% to 20%, suggesting that the popularity of OpenClaw is driving increased attention and demand for secondhand devices overall.
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Analyst Views on RERE
About RERE
ATRenew Inc, formerly AiHuiShou International Co Ltd, is a company primarily engaged in the recycling of electronic products and providing trade-in services. The Company focuses on the recycling business of electronic digital products such as mobile phones and notebooks. The Company's main business includes selling products and providing services. Selling products is to purchase second-hand mobile phones and other consumer electronic products from consumers, small businesses, consumer electronics brands, e-commerce platforms and retailers through online and offline channels, and then conduct inspection, grading and pricing techniques to process second-hand consumer electronics Products and sell. Providing services is to provide online marketplaces to merchants and customers, and to charge commissions for transactions.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
OpenClaw Surge Drives Demand for Used Macs
- Surge in Used Mac Demand: The popularity of the OpenClaw AI tool in China has led to a significant increase in demand for secondhand Mac computers, with prices remaining at levels typically seen during new iPhone release seasons, indicating strong market interest in high-performance devices.
- Price Strategy Adjustment: According to ATRenew's Chief Strategy Officer, while prices usually drop in spring, the prices for used Apple products from March to May this year have remained consistent with peak autumn levels, reflecting ongoing enthusiasm for secondhand Macs.
- Chip Upgrade Trend: An increasing number of consumers are trading in their older MacBooks with M1 and M2 chips for newer models equipped with M4 or M5 chips, indicating a rising demand for enhanced computing power, which is expected to continue throughout the year.
- Market Share Growth Expectation: ATRenew anticipates that the share of MacBooks and other personal computing devices in its business will grow from 15% to 20%, suggesting that the popularity of OpenClaw is driving increased attention and demand for secondhand devices overall.
See More
Surge in Demand for Secondhand MacBooks Driven by OpenClaw AI
- Active Secondhand Market: Jeremy Ji, chief strategy officer at ATRenew, noted that the demand for secondhand MacBooks has surged as more consumers in China try the OpenClaw AI tool, prompting the company to increase buyback prices to boost supply, reflecting strong market demand for high-performance devices.
- Stable Pricing Trend: Unlike the typical price drop seen in spring, ATRenew has maintained Apple product prices similar to those during the new iPhone release season from March to May, indicating robust market vitality and consumer preference for efficient devices.
- Product Upgrade Cycle: An increasing number of users are trading in their older MacBooks with M1 and M2 chips for newer models equipped with M4 or M5 chips, demonstrating a strong consumer desire for enhanced computing power, with this trend expected to continue throughout the year, further driving growth in the secondhand market.
- Market Share Growth Expectation: Ji anticipates that the share of MacBooks and other personal computing devices in ATRenew's business will grow from the current 15% to 20%, reflecting the company's confidence in the secondhand electronics market and a positive outlook on future demand.
See More
ATRenew Inc. Reports Strong Q4 2025 Earnings Growth
- Significant Revenue Growth: ATRenew's total net revenue for Q4 2025 reached RMB 6.25 billion, reflecting a 29% year-over-year increase that exceeded internal expectations, showcasing the company's strong performance in the second-hand electronics market.
- Product Revenue Surge: The company's 1P product revenue grew by 30.7% to RMB 5.83 billion, driven by a retail-first strategy that further solidified its market position and competitive edge.
- Ongoing International Expansion: Self-operated export channels have shown steady growth, achieving sequential revenue increases for four consecutive quarters in 2025, with peak monthly revenue recently hitting RMB 50 million, indicating strong potential in international markets.
- Optimistic Future Outlook: Management anticipates total revenues for Q1 2026 to be between RMB 5.86 billion and RMB 5.96 billion, representing a year-over-year increase of 25.9% to 28.1%, while aiming to elevate retail revenue to 50% of its 1P business.
See More
ATRenew Declares $0.10/ADS Cash Dividend for FY2025
- Dividend Announcement: ATRenew has declared a cash dividend of $0.10 per ADS for fiscal year 2025, aimed at implementing its three-year shareholder return plan adopted in August 2025, reflecting the company's commitment to shareholder value.
- Total Dividend Amount: The total cash to be distributed for the FY2025 Cash Dividend is expected to be approximately $23.5 million, indicating the company's robust financial health and its focus on shareholder interests over the next three years.
- Record Date for Shareholders: The dividend will be payable on April 24, with a record date of April 6 and an ex-dividend date also on April 6, ensuring shareholders can receive their dividends promptly, thereby boosting investor confidence.
- Strategic Implications: By implementing this dividend plan, ATRenew not only demonstrates its profitability and cash flow management capabilities but also potentially attracts more investor interest, enhancing the company's competitive position in the market.
See More
ATRenew Q4 Earnings Exceed Expectations
- Strong Earnings Performance: ATRenew reported a Q4 non-GAAP EPS of $0.12, beating expectations by $0.04, indicating a sustained improvement in profitability and reflecting robust performance in the second-hand electronics recycling market.
- Significant Revenue Growth: The company achieved Q4 revenues of $894.34 million, a 29% year-over-year increase that surpassed analyst expectations by $33.87 million, demonstrating strong market demand and effective business expansion, further solidifying its market position.
- Optimistic Future Outlook: ATRenew anticipates total revenues for Q1 2026 to be between RMB 5.86 billion and RMB 5.96 billion, representing a year-over-year growth of 25.9% to 28.1%, showcasing the company's confidence in future growth, which may attract more investor interest.
- Positive Market Reaction: Given the earnings beat, ATRenew's stock price is likely to experience upward momentum, enhancing investor confidence and strengthening the company's competitive edge in the second-hand electronics sector.
See More
ATRenew Exceeds Expectations in 2025 Financial Results
- Quarterly Revenue Surge: In Q4 2025, ATRenew reported total revenues of RMB 6.254 billion, a 29.0% year-over-year increase that exceeded expectations, demonstrating the company's strong performance in the consumer electronics recycling market and solidifying its market leadership.
- Significant Operating Profit Growth: The adjusted operating income for Q4 reached RMB 181.5 million, up 38.1% year-over-year, reflecting enhanced operational efficiencies driven by technology and automation, indicating potential for sustainable growth in the future.
- Annual Net Income Recovery: ATRenew achieved a net income of RMB 336.3 million for the full year 2025, a significant rebound from a net loss of RMB 8.2 million in 2024, showcasing a robust recovery and increased market demand in the second-hand consumer electronics sector.
- Shareholder Return Plan Implementation: ATRenew announced a cash dividend of $0.1 per share to be paid in April 2026, totaling approximately $23.5 million, reflecting the company's commitment to shareholders and confidence in future growth prospects.
See More
OpenClaw Surge Drives Demand for Used Macs
- Surge in Used Mac Demand: The popularity of the OpenClaw AI tool in China has led to a significant increase in demand for secondhand Mac computers, with prices remaining at levels typically seen during new iPhone release seasons, indicating strong market interest in high-performance devices.
- Price Strategy Adjustment: According to ATRenew's Chief Strategy Officer, while prices usually drop in spring, the prices for used Apple products from March to May this year have remained consistent with peak autumn levels, reflecting ongoing enthusiasm for secondhand Macs.
- Chip Upgrade Trend: An increasing number of consumers are trading in their older MacBooks with M1 and M2 chips for newer models equipped with M4 or M5 chips, indicating a rising demand for enhanced computing power, which is expected to continue throughout the year.
- Market Share Growth Expectation: ATRenew anticipates that the share of MacBooks and other personal computing devices in its business will grow from 15% to 20%, suggesting that the popularity of OpenClaw is driving increased attention and demand for secondhand devices overall.
See More
Surge in Demand for Secondhand MacBooks Driven by OpenClaw AI
- Active Secondhand Market: Jeremy Ji, chief strategy officer at ATRenew, noted that the demand for secondhand MacBooks has surged as more consumers in China try the OpenClaw AI tool, prompting the company to increase buyback prices to boost supply, reflecting strong market demand for high-performance devices.
- Stable Pricing Trend: Unlike the typical price drop seen in spring, ATRenew has maintained Apple product prices similar to those during the new iPhone release season from March to May, indicating robust market vitality and consumer preference for efficient devices.
- Product Upgrade Cycle: An increasing number of users are trading in their older MacBooks with M1 and M2 chips for newer models equipped with M4 or M5 chips, demonstrating a strong consumer desire for enhanced computing power, with this trend expected to continue throughout the year, further driving growth in the secondhand market.
- Market Share Growth Expectation: Ji anticipates that the share of MacBooks and other personal computing devices in ATRenew's business will grow from the current 15% to 20%, reflecting the company's confidence in the secondhand electronics market and a positive outlook on future demand.
See More
ATRenew Inc. Reports Strong Q4 2025 Earnings Growth
- Significant Revenue Growth: ATRenew's total net revenue for Q4 2025 reached RMB 6.25 billion, reflecting a 29% year-over-year increase that exceeded internal expectations, showcasing the company's strong performance in the second-hand electronics market.
- Product Revenue Surge: The company's 1P product revenue grew by 30.7% to RMB 5.83 billion, driven by a retail-first strategy that further solidified its market position and competitive edge.
- Ongoing International Expansion: Self-operated export channels have shown steady growth, achieving sequential revenue increases for four consecutive quarters in 2025, with peak monthly revenue recently hitting RMB 50 million, indicating strong potential in international markets.
- Optimistic Future Outlook: Management anticipates total revenues for Q1 2026 to be between RMB 5.86 billion and RMB 5.96 billion, representing a year-over-year increase of 25.9% to 28.1%, while aiming to elevate retail revenue to 50% of its 1P business.
See More
ATRenew Declares $0.10/ADS Cash Dividend for FY2025
- Dividend Announcement: ATRenew has declared a cash dividend of $0.10 per ADS for fiscal year 2025, aimed at implementing its three-year shareholder return plan adopted in August 2025, reflecting the company's commitment to shareholder value.
- Total Dividend Amount: The total cash to be distributed for the FY2025 Cash Dividend is expected to be approximately $23.5 million, indicating the company's robust financial health and its focus on shareholder interests over the next three years.
- Record Date for Shareholders: The dividend will be payable on April 24, with a record date of April 6 and an ex-dividend date also on April 6, ensuring shareholders can receive their dividends promptly, thereby boosting investor confidence.
- Strategic Implications: By implementing this dividend plan, ATRenew not only demonstrates its profitability and cash flow management capabilities but also potentially attracts more investor interest, enhancing the company's competitive position in the market.
See More
ATRenew Q4 Earnings Exceed Expectations
- Strong Earnings Performance: ATRenew reported a Q4 non-GAAP EPS of $0.12, beating expectations by $0.04, indicating a sustained improvement in profitability and reflecting robust performance in the second-hand electronics recycling market.
- Significant Revenue Growth: The company achieved Q4 revenues of $894.34 million, a 29% year-over-year increase that surpassed analyst expectations by $33.87 million, demonstrating strong market demand and effective business expansion, further solidifying its market position.
- Optimistic Future Outlook: ATRenew anticipates total revenues for Q1 2026 to be between RMB 5.86 billion and RMB 5.96 billion, representing a year-over-year growth of 25.9% to 28.1%, showcasing the company's confidence in future growth, which may attract more investor interest.
- Positive Market Reaction: Given the earnings beat, ATRenew's stock price is likely to experience upward momentum, enhancing investor confidence and strengthening the company's competitive edge in the second-hand electronics sector.
See More
ATRenew Exceeds Expectations in 2025 Financial Results
- Quarterly Revenue Surge: In Q4 2025, ATRenew reported total revenues of RMB 6.254 billion, a 29.0% year-over-year increase that exceeded expectations, demonstrating the company's strong performance in the consumer electronics recycling market and solidifying its market leadership.
- Significant Operating Profit Growth: The adjusted operating income for Q4 reached RMB 181.5 million, up 38.1% year-over-year, reflecting enhanced operational efficiencies driven by technology and automation, indicating potential for sustainable growth in the future.
- Annual Net Income Recovery: ATRenew achieved a net income of RMB 336.3 million for the full year 2025, a significant rebound from a net loss of RMB 8.2 million in 2024, showcasing a robust recovery and increased market demand in the second-hand consumer electronics sector.
- Shareholder Return Plan Implementation: ATRenew announced a cash dividend of $0.1 per share to be paid in April 2026, totaling approximately $23.5 million, reflecting the company's commitment to shareholders and confidence in future growth prospects.
See More
