Brits ‘sitting on £16bn worth of untapped tech’ – do you have a hidden fortune?

BRITISH adults are sitting on a whopping £16BILLION in unused tech – with old smartphones, DVD players and even Tamagotchi’s cluttered closets.

A survey of 2,000 adults found they stowed items such as printers, CD players and camcorders on average worth up to £300, which could be worth a small fortune.

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Your old iPhone could now be worth a pretty pennyCredit: apple

In fact, some have even stuck to retro items from the ’90s, including Walkmans and Game Boys.

But while 28 percent want to keep gadgets so their kids can use them one day, 24 percent admit they don’t know how to properly ditch tech.

And of the 28 percent who have an old smartphone lying around at home, 51 percent keep it “just in case” something happens to their upgraded model.

Tom Moony, President International at ecoATM, who commissioned the research, said: “Upgrade culture has created a world where perfectly good technology gathers dust in our homes.

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“While many see it as either an insurance buffer or something the kids want to play with, the fact is these items rarely see the light of day and could actually make a decent bit of money.

“It’s really interesting to learn that so many don’t know of decent ways to get rid of their old technology – much of which can be recycled and carried on in a sustainable way.”

The survey found that more would be inclined to get rid of their old smartphones if they could get a fair price for them and make sure their data wasn’t at risk.

While 39 percent want to be able to get cash for their idle smartphones in a location that is nearby and convenient.

More than a third (37 percent) would like to give away their old tech to friends and family, but often struggle because everyone is already well-equipped with their own gadgets.

It also found that 19 percent have a dedicated drawer where they throw their unwanted items, while closets are the most common place to stash those items.

Lack of motivation and deleting photos and documents are among the top reasons that keep people from doing those long-overdue clean-ups.

But 20 percent say they overlook the task at hand because they’re not good at saying goodbye to items of sentimental value.

The research also found that while 58 percent are concerned about e-waste and 55 percent have already recycled their old smartphones, seven percent still throw them in the trash when they’re done with them.

For those who have either recycled or are considering recycling a handset, the price they get for it is the most important consideration, alongside the convenience and environmental aspects of the recycling process.

Tom Moony out ecoATMwhich lets you sell old phones, added: “It’s reassuring to learn that so many are concerned about the growing problem of e-waste – and it’s no surprise given how much tech we’re going through.

“But more can be done to raise awareness of the harmful effects that just tossing these items in the bin can cause.

“That’s why we really want to empower people to explore the most sustainable ways to breathe new life into their unwanted tech – while unlocking extra money at the same time – and we’ve spent millions of pounds on customers who have sold their old phones at us.”

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MOST COMMONLY UNUSED TECHNOLOGY IN HOUSES

  1. DVD player
  2. smartphone
  3. digital camera
  4. TV
  5. Laptop
  6. CD player
  7. headphones
  8. Printer
  9. game console
  10. tablet
  11. Kindle/eReader
  12. Mobile phone (not smartphone)
  13. camcorder
  14. MP3 player
  15. Blu ray player
  16. TV boxes eg Sky Box
  17. desktop computer
  18. player
  19. computer screen
  20. Portable DVD player
  21. VCR
  22. Bluetooth speaker
  23. polaroid camera
  24. Walkman
  25. game boy
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https://www.thesun.ie/tech/9067383/old-tech-gadgets-value-worth-unused-price/ Brits ‘sitting on £16bn worth of untapped tech’ – do you have a hidden fortune?

Fry Electronics Team

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