Corporate News

Apple recovered 2204 Pounds of Gold worth $ 40 Million from Recycling iPhone in 2015

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2204 pounds of Gold means around 40 Million USD @ $1229.80 per troy ounce of gold. That means in 2015, Apple alone earned $ 40 Million just by recycling the iPhone and other Apple Products. Just think of recycling in 2016, when Apple may start getting Gold iPhones and Apple Watch, Where this figure will lead to !!! Any idea ??

But You must be thinking, From where this Gold came from ? According to Fairphone, an activist group focused on electronics supply chains, on an average , one smartphone uses around 30 mg of gold, mainly in circuit boards and other internal components. Apple recycled millions of iPhones and other computers in 2015, that have tiny bits of gold in them.

Apart from recovering gold from old iPhones , Apple also managed to recover around 3 million pounds of copper that makes it another 6.4 million USD , 4.5 million pounds of aluminum that amounted to $3.2 million, and Silver around 6612 pounds that comes out to be $ 1.6 million.

The total waste which Apple actually recovered is

  • Gold : 2204
  • Silver : 6612
  • Steel : 23,101,000
  • Nickel : 39,672
  • Plastics : 13,422,360
  • Lead : 44,080
  • Glass : 11,945,680
  • Zinc : 130,036
  • Aluminum : 4,518,200
  • Tin : 4408
  • Copper : 2,953,360
  • Colbalt : 189,544

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Source : Apple : Read the Full Report Here

 

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