It seems a lot of people out there hoard their electronics. That's according to the annual Mobile Mountain Survey conducted on behalf of SellCell.com. According to the survey, Americans are holding onto a staggering $47 Billion in old electronic equipment they aren't using anymore. That's up from $34 billion last year. iPhones account for roughly $13.4 Billion of that total, up from $9 billion last year. That amount is greater than the budget of 16 U.S. states!
Why do people hang on to them? Some are giving them to family members, or donating to charity. But 40% are keeping them as a spare, "just in case," and a whopping 36% said "I don't know what else to do with them."
For the 36%, here's an answer: sell them for cash. I have been a loyal customer of Gazelle for several years now; when it's time to upgrade my phone or tablet, I tell Gazelle the type of device I have, Gazelle gives me a bid, sends me a box, and I have 30 days to send in the gadget. Gazelle checks it out when they get it, wipe all data from it if you haven't (but I highly recommend wiping your device before it leaves your possession), and if the quality checks out, sends me my money via PayPal. I have been able to subsidize the purchase of the new gadget with the sales of older gadgets, so it has been a very profitable relationship.
There are a couple of other services that do the same thing, but I find Gazelle has been the most straightforward and easiest to use. What about you? Do you sell your devices when you no longer need them, or would we find them stuffed in a drawer or closet someplace in your house? If you're keeping them, why? Let us know in the comments, if you dare.