Why Your Phone Loses Value Fast & What to do About it

The minute you buy a phone, it starts depreciating. As the world awaits the new iPhone 13 to hit the market, it is hard not to pre-order. Put down the credit card and see how technology leads to newer phones, but more E-waste.

Modern Technology Leads to Newer Phones 

The more advanced technology becomes, the faster smart phones are brought on the market. Phone systems update every few months, which makes it seem like we need to update our phones at the same rate. Why? To make sure the mobile devices we use are compatible. The newer the phone, the more bells and whistles it comes with. While that is a plus, it can also come with cons. The downside to all of it is that we continue to purchase new phones more often. It is not unusual for a consumer to buy a phone once a year. This cycle causes phones to depreciate at an alarming rate. In fact, the depreciation of value on mobile phones has been at a faster rate than ever before.  

Effects of Phone Depreciation  

To simply put it, that faster technology moves towards the future, the more in demand newer devices are, the worse it is for the planet. Phones can be a lifeline to everyday living. Advancements are always being made to find smarter, better ways to make our lives easier. At the same time however, an issue is growing at an alarming rate.

Global Technology Issues

It is estimated that 40 million tons of electronic waste is made each year in the world, according to The National Institute of Environmental Health Sciences. That is equivalent to 80 billion pounds, if you can wrap your head around that. “E-waste” is basically discarded electronics that carry toxic components and metals inside them. These components seep into the earth, water, and contributes to air pollution. It is bad to inhale and can lead to negative impacts on human health.     

Sell Your Used, Old, Broken Phone to Humane Electronic Buyback Companies 

If your current iPhone 8 Plus is on its last legs, consider selling it to a humane company that specializes in tech or recycle it at a certified recycling facility. Popular phone carriers may consider taking a mobile device that is more than 2 years old for trade in credit. The value of it may be be considerably lower if broken or scratched. At the end of the transaction, it is likely you will end up paying a lot more for the newer phone versus selling it to a humane buyback company. 

The Most Cash from Gizmogo

Gizmogo will pay out the most for your cell phone versus the other guys. See for yourself by visiting Gizmogo.com and receive an instant quote on any brand or model phone. Sell your phone to Gizmogo, even if it is broken, old, or used. See how much cash you will get when you sell to the best tech buyback company in the nation.      

Post by Gizmogo Group Limited

Gizmogo’s mission has been simple - make it easy for you to sell your used gadgets at the highest price with the fastest payment possible. Our team members believe your once cherished device sitting in your drawer has more value in being re-purposed and given a new life. We take your device and give it to someone who will enjoy it the same way you once did. That’s why Gizmogo strives to create a seamless customer experience that enables people to see the full potential and value of their devices. Our goal is to extend the life-cycle of technology while reducing the impact on our environment and passing the value onto our customers!

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