“Apple uncovered a seemingly welcome surprise by recovering over a ton of gold from old devices you recycled,” Don Reisinger reports for Fortune.

“The tech giant revealed in its annual Environmental Responsibility Report (PDF) this week that it recovered 2,204 pounds of gold, valued at millions of dollars in material,” Reisinger reports. “Additionally, Apple was able to recover 6,612 pounds of silver as part of its ‘take-back initiatives’ in 2015.”

“While the recycling could be viewed as a nice cash infusion for most, for Apple, one of the richest companies in the world with hundreds of millions of cash in the bank, it’s a pittance,” Reisinger reports. “What’s more, Apple isn’t using the material to cash it in, but rather to reuse it for its future production efforts.”

Read more in the full article here.

MacDailyNews Take: Cheaper than mining it!

At the current price of gold, $1303.59 per ounce, 2,204 pounds is worth $45,969,797.76.

[Update, 7:33am PDT: Had our cups of coffee and fixed the math.]

SEE ALSO:
Apple promises to one day stop mining minerals to make iPhones – April 20, 2017
Apple continues supply chain transparency as Trump administration considers suspending conflict mineral requirements – March 27, 2017
Apple takes groundbreaking steps to combat deadly trade in conflict minerals – April 1, 2016
Apple says they’re making progress eliminating conflict minerals – February 12, 2015
Where Apple gets the tantalum for your iPhone – February 5, 2015
Greenpeace praises Apple for reducing use of conflict minerals – February 13, 2014
Apple confirms suppliers use conflict-free minerals – February 13, 2014

[Thanks to MacDailyNews Reader “Dan K.” for the heads up.]