Eco-Living Magazine

Growing Popularity in Refurbished Cell Phones

Posted on the 01 March 2011 by 2ndgreenrevolution @2ndgreenrev

Growing Popularity in Refurbished Cell PhonesSeveral months ago, 2nd Green Revolution ran a piece on “urban mining” in Japan, which described the country’s efforts to recycle metals found in many discarded electronics. I was reminded of it recently while reading a story on companies selling refurbished phones in the Wall Street Journal (“Entrepreneurs Find Gold in Used Phones”). While the impetus to recycle electronics in Japan was produced by procurement issues of raw materials, the WSJ article is interesting because it highlights the market response to the growing popularity of secondhand devices. 

 

One of the companies profiting from this development is ReCellular. Among the largest cell phone refurbishing businesses in the U.S., ReCellular generated $66 million in revenue in 2010, which it expects will increase by  50 percent by the end of this year. While growth in this area is traditionally attributed to the overwhelming supply of electronics – last year, Gartner estimates that global phone sales increased 31.8 percent to 1.6 billion units – recent growth has been spurred by thrifty shoppers and high-end smart phones. ReCellular and its rivals are also increasing sales by buying phones from individuals on websites like Usell.com. Other options include Best Buy, Gazelle, and Pace Butler. Niche companies like ecoATM, an automated phone dispensary, even offer customers quick cash for used devices.

In just a few years, ReCellular’s CEO says refurbished phones may account for 20 percent of total U.S. phone sales (current estimates are 5 percent or less). Although far from a perfect solution, it is always refreshing to see a segment of the marketplace benefit by selling and recycling used products, especially electronics.

 


You Might Also Like :

Back to Featured Articles on Logo Paperblog

These articles might interest you :

  • Ooh La Lash Unimart, Greenhills Experience + How to Take Care an Eyelash...

    Lash Unimart, Greenhills Experience Take Care Eyelash Extension

    My last and final stop in this event was here at Ooh La Lash, they are specialized on eyelash extensions and eyelash perming. Here I choose Eyelash extension... Read more

    The 25 July 2017 by   Rayrose Camille Samson
    HAIR & BEAUTY, LIFESTYLE
  • Keto-Cooking Tips for Busy Parents

    Are you interested in the ketogenic diet, but not sure how to cook? Then you'll enjoy this interview with Maria Emmerich. Having struggled with her weight in... Read more

    The 25 July 2017 by   Dietdoctor
    DIET & WEIGHT, HEALTH, HEALTHY LIVING, MEDICINE
  • The Production of Ignorance

    Production Ignorance

    What the media gets wrong about trans people, how misinformation is perpetuated, and what we can do about it. The first chapter of Trans Like Me: A Journey for... Read more

    The 25 July 2017 by   Cnlester
    LGBTQ, SEXUALITY
  • Competition: SilentNight Pillows

    Competition: SilentNight Pillows

    For everyone who loves a bit of night time comfort, SILENTNIGHT are giving away a set of their - PURE COTTON PILLOW PAIR. These lovely pillows have a 100% cotto... Read more

    The 25 July 2017 by   Evette Garside
    FAMILY
  • Listen: the Walls Group Releases New Single “my Life”

    Listen: Walls Group Releases Single Life”

    ChristianNews Stellar Award winning gospel group, The Walls Group which consist of four siblings ((Darrel Walls, Rhea Walls, Paco Walls, Ahjah Walls) has... Read more

    The 25 July 2017 by   Firstladyb
    SPIRITUALITY
  • But I Wasn't Even Drinking!!!

    Here is a straight from the headlines story that all parents should use to talk with their teens. Erin is a 17 year old senior in high school, honor roll studen... Read more

    The 25 July 2017 by   Joanigeltman
    FAMILY, PARENTING
  • “This Is the Absolute Best I Have Felt in Years”

    Is the two-week low-carb challenge a game changer? This is what life-long weight struggler Jasmin has to say after stumbling upon it: Hi Team, My name is... Read more

    The 25 July 2017 by   Dietdoctor
    DIET & WEIGHT, HEALTH, HEALTHY LIVING, MEDICINE