Australia is sitting on $6.4 billion gold mine of unused mobile handsets

AUSSIES are sitting on one billion dollar gold mine and don’t even comprehend it.

statistics obtained from eBay suggests Australian cellphone users have an anticipated $6.4 billion worth of 2nd hand handsets sitting of their homes.

This coincides with studies from Deloitte international, which claims used telephone income will generate greater than $17 billion for their proprietors on a worldwide scale.

eBay’s head of Electronics and emerging generation Mark Bulgin said the ever-evolving panorama of the smartphone industry meant there was also cash to be made.

“With Samsung liberating the Galaxy S7 phone this week, and Apple rumoured to follow with the iPhone 7 release inside the close to destiny, now is the best time for Aussies to promote their older fashions to fund the improve,” he said.

Mr Bulgin stated the common promoting fee for an iPhone 6 Plus is marginally greater than the greater recently released Samsung Galaxy S6 area, despite being launched extra than a yr in the past.

“The average selling rate of the Apple iPhone 6s has simplest fallen $50 on account that September 2015 and is still fetching over $875 for a unmarried handset, while the Samsung Galaxy S6 is fetching around $526,” he stated.

consistent with Mr Bulgin, almost 485,000 mobile phones and more than 11.four million mobile accessories were bought with the aid of Aussies thru eBay final 12 months on my own, with the common cellphone promoting for $286.

“Apple, Samsung, LG, HTC and Nexus had been the maximum searched cell phone brands of 2015,” he stated.

“The Samsung Galaxy S7 is arguably the most talked about model of 2016, however iPhone proprietors can be confident that there may be an urge for food for new and used iPhones with 10 million searches for the iPhone in comparison to four million for Samsung smartphones in 2015”.

To make the system easier, eBay has applied a ‘How a lot is your smartphone well worth on eBay’ widget, which gives consumers an idea of what amount they could get hold of for their handset.