Tags: apple | gold | recycling | iphones

Apple's Recycling Program Netted $40 Million in Gold Last Year

Apple's Recycling Program Netted $40 Million in Gold Last Year
(AP)

By    |   Monday, 18 April 2016 07:40 AM


Apple said it recovered 2,204 pounds (more than a ton) of gold from recycled iPhones, iPads and Macs last year, or $40 million worth of precious metals, CNN Money reported.

“Gold is used in consumer electronics because it is highly averse to corrosion and an excellent conductor of electricity. Silver is actually the best conductor, but it corrodes easily. Copper is super-cheap, but it moves electrons too slowly for some of the most important computing tasks,” CNN Money reported.

“Of the 90 million pounds of e-waste through its recycling programs, Apple said 61 million was in reusable materials. Gold made up a relatively trivial amount. But since gold is currently trading at more than $1,200 per troy ounce, it's among the most valuable materials it pulled from all those old gadgets,” the report said.

Apple said it also collected 23 million pounds of steel; 13 million pounds of plastic; 12 million pounds of glass; 4.5 million pounds of aluminum; 3 million pounds of copper; and 6,600 pounds of silver, CNN Money said.

But how long will the iPhones really last? You never know, but apple has let it slip they have a general idea.

"A recent update to its environmental policy’s QnA section addresses the question of how long an Apple device is expected to remain in use. Your iPhone’s productive life cycle will be up at the three-year mark, as will the Apple Watch; while your OSX and AppleTV devices will get an extra twelve months to reach the four-year mark," Forbes reported.

"To model customer use, we measure the power consumed by a product while it is running in a simulated scenario. Daily usage patterns are specific to each product and are a mixture of actual and modeled customer use data. Years of use, which are based on first owners, are assumed to be four years for OS X and tvOS devices and three years for iOS and watchOS devices," Apple said.

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Apple said it recovered 2,204 pounds (more than a ton) of gold from recycled iPhones, iPads and Macs last year, or $40 million worth of precious metals, CNN Money reported.
apple, gold, recycling, iphones
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2016-40-18
Monday, 18 April 2016 07:40 AM
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