$13 billion worth of old iPhones are sitting in our closets and drawers

$13 billion worth of old iPhones are sitting in our closets and drawers:

When you upgraded to your most recent phone, what did you do with the old one? Based on market research group OnePoll's latest "Mobile Mountain Study," it's very likely that you stored it away for a rainy day. In fact, almost 40% of the participants in the study said that keep their old phones for themselves, while just 20% gave them to family members or friends and 9% actually dumped them in the garbage. Whether or not you fall into any of these categories, if you're holding on to an old iPhone, you're contributing to a $13 billion hole in the resale economy, reports MarketWatch.

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