With near-constant updates to trade up for, the shelf lives of smartphones are shrinking
A staggering number of new smartphones keep popping up on the market — somewhere between 60 and 70 models every year. And because almost every new cellphone is replacing one that’s no longer wanted, a sprawling cellphone recycling and buyback industry has been created in recent years.
The recyclers can help environmentally-friendly consumers upgrade to Amazon’s recently announced Fire Phone, for instance, without feeling guilty. And they can help offset the cost of that newer phone. Marci Verbrugge-Rhind, a spokeswoman for the Sprint Corp., said a used phone can earn up to $300 in store credit.
But despite the benefits to recycling phones, the expanding industry still has a long way to grow.