According to a new survey, Americans are sitting on a staggering $43 billion worth of unused tech that could be worth cash. So, you might want to have a sort out and sell on your rapidly depreciating tech so it can be put to good use elsewhere.<\/p>\n
Tech buy-back site Decluttr<\/a> recently surveyed 2,000 American adults in March 2020 with a follow up in May, to find out how much money they could be sitting on and how much it is depreciating each year.<\/p>\n Every year our hunger to buy the latest new gadget means that our older tech and cell phones lose value every year due to depreciation.<\/p>\n On average, Americans keep their unused tech languishing in drawers for over a year, and one in 10 will keep it for three years or more gathering dust.<\/p>\n Technology hardware such as smartphones, computers, tablets, games consoles, and wearables depreciate in value<\/a> by an average of 26% over the course of a year. That means the value of tech in American homes is expected to depreciate by $11 billion in the next 12 months.<\/p>\n The average US household has $199 worth of unwanted tech like cell phones, computers, tablets, gaming consoles, and wearables sitting around losing money every day.<\/p>\n <\/p>\n Decluttr<\/span><\/figcaption><\/figure>\n Typically, cell phones depreciate by 36% of their value in 12 months. iPhones will lose on average $108 every single year, and Samsung phones will lose $66. Some models are depreciating by nearly 40% — so they will lose hundreds of dollars in value the longer that you keep them.<\/p>\n <\/p>\n Decluttr<\/span><\/figcaption><\/figure>\n Other types of tech hardware do not maintain their value either. MacBooks depreciate up to 41% and $140 of their value each year, while tablets will lose $85, and wearable watches will depreciate by $90.<\/p>\n So, if you want to take advantage of the $43 billion worth of unused tech, you had better be quick. An $11 billion depreciation in a year must surely be motivation enough for a clear out of your hardware.<\/p>\n You might be all nostalgic for retro PCs<\/a>, vintage hardware<\/a>, vintage Apple devices<\/a>, or ancient hardware and software gone but not forgotten<\/a>.<\/p>\n However, the hoarders amongst you might want to save some of your old tech for posterity.<\/p>\n If this is you, move on your Nintendo DS Lite, and hang onto your Playstation Pro, which, according to the survey, will lose only 15% of its value over the next year. On the other hand, your iPad Pro 11 will reduce by only 14% next year.<\/p>\n And, when it gets really old, it might just be worth a fortune. But just remember how many people will be thinking exactly the same.<\/p>\n<\/div>\n<\/article>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n Tags:<\/b> Eileen Brown<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"![\"Your](\"https:\/\/zdnet4.cbsistatic.com\/hub\/i\/2020\/07\/24\/88b5d662-f3b9-420e-a34b-3994099fc54c\/iphone-depreciating-tech-decluttr-eileen-brown-zdnet.png\")
<\/span>![\"Your](\"https:\/\/zdnet4.cbsistatic.com\/hub\/i\/2020\/07\/24\/6e3e8a25-a36d-4b2f-b1f3-28235b9b6d23\/fastest-depreciating-tech-decluttr-eileen-brown-zdnet.png\")
<\/span>
Contact Information:<\/b>
Eileen Brown<\/p>\n
<\/a>, Wire<\/a>, United States<\/a>, English<\/a><\/p>\n<\/div>\n
Contact Information:<\/h3>\n
![\"\"](\"https:\/\/icrowdnewswire.com\/wp-content\/uploads\/2020\/06\/3998-ICN.png\")
If you are like nine in 10 Americans, you probably have a junk drawer full of old tech that is losing value every day. According to a new survey, Americans are sitting on a staggering $43 billion worth of unused tech that could be worth cash. So, you might want to have a sort out … Continue reading Your iPhone is worth $108 less each year you own it<\/span><\/a> Continue Reading