iPhone 4s sold on as owners feel pinch by bestlaptopbattery.co.uk

Jan. 23, 2011 - PRLog -- Mobile phone recycling firms have seen a steep increase in the number of phones being cashed in, with the iPhone 4 among the most popular being traded.

SellMyMobile.com, a website that compares prices from mobile recycling sites, has seen a 70% increase in inquiries about mobile phone recycling in the last week of last year, while site traffic continued to increase during January.

Smartphones have topped the tables, with the Nokia 5800 Xpress Music, the BlackBerry 8520 Curve and the iPhone 3GS 8Gb the most frequently recycled. These models are all between 18 months and two years old but can still fetch about £150, and the owners are likely to have come to the end of their contracts and are able to upgrade.

More surprising are the 844 iPhone 4s and the 113 HTC Windows 7 that owners have recycled since 26 December. These are relatively new models, with the HTC phone launched just three months ago. Nine iPads have also been sold.

SellMyMobile.com is attributing the recycling of these models to the high prices they command: £360 for the iPhone 4 32Gb.

Keir McConomy, managing director of SellMyMobile.com, said: "That consumers are selling on iPhone 4s can mean only one thing: they need cash, and fast. There simply isn't a more desirable phone on the market, so the only possible explanation for their sudden resale popularity is that people really need an extra £360 in their pockets as the VAT hike bites."

Mazumamobile.com has bought between 60 and 100 iPhone 4s every day. Charlo Carabott, managing director of the firm, says: "We were intrigued when we saw people offering iPhone 4s to us, so asked them why they were wanting to recycle. Some of them have got cash problems, while others have been offered upgrades to iPhone 4s, but decided they were happy with their existing phone and decide to sell the iPhone on to fund their monthly mobile costs."

Many people use online phone recycling sites because they are quick and easy, but they could get better prices by selling on eBay. A 16Gb iPhone 4 would have fetched about £315 from mazumamobile.com and Envirofone.com on Friday, but the same model fetched £430 on eBay.

A spokesman for the Consumer Credit Counselling Service said selling an expensive phone might ease cash flow problems in the short term (especially if the phone is "pay as you go"). But he said: "Anyone who is suffering ongoing cash flow problems would do better to get in touch with a free debt counselling service such as the CCCS to get help in working out a long term solution."
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