Apple May Join Growing, Lucrative Smartphone Recycling Market
Smartphone recycling rates may soon rise, as more new companies are willing to buy old phones. It's said that Apple will soon join them.EleGreen, a relative newcomer to the growing smartphone recycling movement, has a focus on the upgrades of government agencies and large corporations, whether from old BlackBerry smartphones to iPhones, new BlackBerrys or Android-running devices. EleGreen buys phones to resell them to other markets—making sure, first, that they're cleared of data, it says—or else makes sure they're recycled responsibly. It recently bought 3,000 phones from a major corporation that was refreshing its device lineup. "Most people don't realize how much they can get for their old phone because they only look to their service provider, or the manufacturer," Spencer House, vice president of marketing and operations, said in a June 14 statement. "Our primary objective is to educate the consumer, make buy-back easy and pay top dollars for the hardware." For a device like the iPhone 4S, eleGreen currently offers a buy-back price of $295. Given that many people pay a hardware rate of $199 to upgrade, eleGreen points out that its price would put a person ahead by nearly $100.
According to eleGreen, 400,000 cell phones are retired every day in the United States.