“Almost 50% of people say they store old phones in a box, drawer or cupboard at home, according to a new survey carried out in January and released Wednesday, down from the 55% who were asked the same question a year earlie,” Fottrell reports. “The trade-in value of all those old gadgets: $47 billion based on the total number of smartphone owners in the country, up from $34 billion a year ago, according to the annual ‘Mobile Mountain Study’ conducted by research group OnePoll for resale site SellCell.com , which obviously has a vested interest in tapping into this possible gold mine.”
“In fact, consumers are sitting on $13.4 billion in old iPhones versus an estimated $9 billion this time last year, the survey found. Apple sold a record 51 million iPhones in the most recent quarter, the company announced last month,” Fottrell reports. “Of those who haven’t sold or traded in their old phones, 20% say they gave them away to a family member, friend or partner, 12% say they gave them to a charity, and 9% say they threw them in the trash, the survey found.”
Read more in the full article here.
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