Phone-Hoarding Brits Sit On £6.86 Billion Mobile Mountain

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SellMyMobile.com study reveals that there are 91.5 million unused phones lying around British homes, worth over £6.86 billion*

Research released from the UK’s leading mobile phone and tablet recycling price comparison site, SellMyMobile.com, reveals that Brits are sitting on a gold mine of over £6.86 billion in old phones which lie unused at home. The study highlights that the average mobile phone user has 2.06 phones at home, 78% have at least one unused device at home, and over a third (33.7%) are hoarding three or more devices.

According to SellMyMobile.com, the average handset now fetches £75 when recycled online, meaning that British citizens are missing out on a potential £154.40 in old devices which are just gathering dust at home.

When asked why they have so much hardware clutter, almost 1 in 5 (19.26%) of Brits say that they are simply ‘too lazy’ to get rid of old devices, and 18.7% said that they ‘don’t know what to do’ with them. As a result, 47% admit to stashing old devices in boxes, drawers or cupboards, and 10% store unused phones under their beds. Our reliance on technology has become increasingly apparent as over 1 in 2 (52.9%) keep a spare phone as insurance in case their current phone breaks, and this figure jumps to 57% in 18-24 year olds. But despite living in an increasingly tech-savvy age, 14.9% say that they hoard unused devices because they are ‘afraid that personal data will be jeopardised’ and 11.8% don’t know how to wipe data so they can safely sell it on.

But for those people who do get rid of old devices, the Mobile Mountain study from SellMyMobile.com reveals that some Brits are cashing in, as 20.6% use a mobile phone recycling service to get rid of old devices, 11.1% sell them online direct to a new buyer, and 5.8% choose to sell them to physical shops. Interestingly, the data highlights a ‘hand-me-down’ trend as over 1 in 6 Brits (17.1%) say they give their unused devices away to friends, partners and family members when they no longer need them. Only 4% of people choose to get rid of devices by putting them in free electrical recycling bins.

Colin White, MD for SellMyMobile.com commented, “In today’s tough economic climate, some extra cash can make all the difference. So it’s surprising that we are literally sitting on a potential goldmine stashed away in boxes at home. There are so many companies willing to pay good money for consumers looking to recycle their old phone, and they all offer tips and advice if you are unsure about how to send it off, or how to wipe old data from your phone.”

“So if you’re looking to make some cash, either to help treat yourself to help beat the January blues, or pay off those dreaded Christmas credit card debts, make sure you search your old drawers to see how much you could have stashed at home. But once you’ve found your old phones, make sure you use a recycling service to get the best deal, as cash back can vary by an average of £59.58 between sites for the same phone.”

According to the latest data from January trade-ins via SellMyMobile.com, the Apple iPhone 4 16GB has been the most traded in handset in January 2013, fetching £139, followed by the BlackBerry Curve 8520 for £54. The most valuable device to be traded online is currently the BlackBerry Porsche Design worth up to £547, followed by the Apple iPhone 5 64GB at £400.

Top 10 most recycled mobile handsets in the UK in January 2013, Source: SellMyMobile.com

1. Apple iPhone 4 16GB: recycle value up to £139.00

2. BlackBerry Curve 8520: recycle value up to £54.00

3. Apple iPhone 4S 16GB: recycle value up to £254.00

4. Apple iPhone 3GS 16GB: recycle value up to £63.00

5. BlackBerry Torch 9800: recycle value up to £73.07

6. BlackBerry Curve 9300: recycle value up to £54.70

7. Apple iPhone 3GS 8GB: recycle value up to £52.05

8. BlackBerry Bold Touch 9900: recycle value up to £145.00

9. BlackBerry Bold 9780: recycle value up to    £75.08

10. Samsung Galaxy S i9000: recycle value up to £66.10

Top 10 most valuable handsets in the UK in January 2013, Source: SellMyMobile.com

1. BlackBerry Porsche Design P9981: recycle value up to £547.00

2. Apple iPhone 5 64GB: recycle value up to £400.00

3. Apple iPhone 5 23GB: recycle value up to £365.00

4. Apple iPhone 5 16GB: recycle value up to £351.00

5. Nokia Sapphire Arte 8800: recycle value up to £277.00

6. Nokia Gold Arte 8800: recycle value up to £267.00

7. Nokia Carbon Arte 8800: recycle value up to £267.00

8. Apple iPhone 4S 64GB: recycle value up to £262.00

9. Samsung Galaxy i9305 S3 LTE: recycle value up to £260.00

10. Apple iPhone 4S 16GB: recycle value up to £254.00

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