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HomeMoney SavingPromote your telephone: Telephones left mendacity in drawers value a staggering £3.4...

Promote your telephone: Telephones left mendacity in drawers value a staggering £3.4 billion


Studying Time: 4 minutes

If you wish to promote your telephone to get some additional money then go for it. New analysis commissioned by giffgaff reveals that the UK is failing to money in on an estimated £3.4 billion value of outdated and recyclable cellphones. As family budgets change into more and more stretched with value of residing will increase throughout the board, this represents a monetary win for the nation’s pockets, and for the setting too.   

  • New analysis from cellular community giffgaff finds 45% of the UK inhabitants has a backup cell phone they not often use  
  • House owners might get a median of over £100 for every telephone they recycle – however the clock is ticking – with handsets probably halving in worth in only one yr  
  • Recycling telephones additionally reduces the UK’s e-waste (rising at practically 1.5 million tonnes a yr1) – benefiting not solely the nation’s pockets, however the planet too 

Immediately’s analysis suggests that just about half (45%) of the UK – practically 30 million folks – hold outdated and dealing cellphones, regardless of utilizing a model new mannequin day-to-day. Over two thirds (67%) haven’t used their outdated handset up to now yr and 1 in 5 (19%) say they’ve used their earlier system simply as soon as. So we’re urging our readers at MoneyMagpie to verify these drawers. 

While the explanations for holding onto outdated units are diverse – starting from folks wanting an emergency backup system (32%) to fears over dropping private knowledge (22%) and even some citing emotional attachment (12%) – people might be sitting on some unclaimed money as the common giffgaff trade-in worth of a recyclable used handset is £111.4 With over 13 million of us hoarding our outdated mobiles for greater than 12 months, folks could also be shocked to know that the worth they might’ve acquired for the unused handset could have halved5 in that point. Which means that thousands and thousands throughout the nation might be lacking out on their share of an estimated £3.4 billion. 

The Environmental and value Issue

  Alongside the monetary hit, not recycling an outdated cell phone will contribute to the rising drawback of e-waste. The World Financial Discussion board estimates that simply 20% of world e-waste is recycled, whereas the opposite 80% leads to landfill or incinerated. 

Because the UK continues to see the affect of the rising value of residing, additional analysis by the community has highlighted a cost-conscious and eco-minded client. 

Over half (51%) plan to funds extra rigorously and over 1 / 4 (27%) will change contracts to seek out the perfect offers. A 3rd (33%) will make fewer automotive journeys and one other third (35%) will stroll or cycle extra typically.  

This shift in behaviour means that the UK’s rising value of residing can also be driving a transfer to a extra round economic system. giffgaff’s survey exhibits that individuals are more and more prone to restore and use merchandise for longer (44%), make the most of trade-in gives (34%), purchase second hand (32%), and purchase refurbished tech merchandise (29%). 

Cellular Price Fear

 Cell phone prices are a giant fear too, with two thirds (66%) involved about their payments. That is driving adjustments in attitudes, with folks extra prone to benefit from the tech they’ve, as a substitute of choosing the most recent fashions. Over one in 5 of us (22%) will forgo a cell phone improve and transfer to a less expensive SIM-only plan. 

Earlier this yr, giffgaff analysis discovered the nation might be sitting on £3.4 billion* value of outdated and recyclable cellphones – lacking out on a monetary win for the nation’s pockets, and the setting. 

 What might be performed? 

Shoppers also can take straightforward steps to cut back the environmental affect of utilizing their telephones, together with: 

  • Switching again to SMS and voice calls, as a substitute of video and group chats. This advantages the setting and makes use of far much less power  
  • Choosing environmentally-friendly serps, which offset the carbon footprint of searches  
  • Reducing the standard of streams and decreasing display screen brightness helps to cut back the quantity of power used  

To assist ease the burden of rising prices, giffgaff is fixing all UK tariffs for the remainder of 2022. Folks also can save as much as £150 by choosing a refurbished system**, which assist to cut back CO2 emissions of the manufacturing of that smartphone by 86%*** – in accordance with analysis by Again Market. 

The analysis additionally discovered the nation is specializing in experiences and neighborhood reasonably than materials items this yr, with household, private well being, and happiness topping the record of what’s most vital to us. 

 Name to Motion

ash Schofield

giffgaff CEO, Ash Schofield, stated: “The elevated prices which have come into play will affect us all. Whereas our analysis highlights the issues that many individuals are feeling, it additionally exhibits that the rising value of residing is making us extra conscious of what’s most vital to us all and what joys in life are actually non-negotiable. We hope that our UK tariff freeze brings certainty to our members in order that they will proceed to benefit from the issues that make them joyful.” 

giffgaff’s ongoing Pressing Name to the nation goals to deal with the problem by serving to folks to both trade-in, recycle or reward their outdated handsets. Behaviours are already altering, with giffgaff seeing double digit year-on-year progress in refurbished telephone gross sales up to now two years. 

Ash Schofield, CEO at giffgaff, stated: “Our newest analysis highlights that there’s a major alternative for folks with an outdated cell phone to make a tangible, sustainable affect, and acquire some additional money. And with the price of residing rising throughout the board, now is a good time to get one thing again by buying and selling in your outdated telephone. Good on your pockets, and for the planet too.”  

Promote your telephone

Anybody can promote your telephone with giffgaff. To learn the way a lot an outdated system might be value, head to the giffgaff web site right here

MoneyMagpie check out different methods to earn money with a cell phone right here. 



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