That’s over $188 billion for the tech industry alone! But what are Americans doing with their unused tech once they upgrade?
Beyond cell phones, 57% of Americans have other tech items lying around. That’s a significant amount of cash lying around at home! That spare tech could be refurbished and sold on to someone who needs it too. Let’s break it down...
A staggering 28M of American citizens simply throw away their unwanted tech - which negatively contributes to landfills, a high carbon footprint and excessive toxic waste.
That $360 spent on tech per year may not be the case for much longer. The average mobile device depreciates by 38% per year, which means Americans could lose an average of $120 on each unused mobile device if they don’t trade their phones in within the next year!
*This survey was fielded on March 17, 2020 and included 2,000 U.S. Adults. Consumer sample provided by mobile panel provider, Pollfish.