Surge in Demand For Mobile Phone Recycling

Comparemyoldmobile.com has recently launched a new site in the U.S in a bid to take the mobile phone recycling market by storm. Comparemyoldcell.com does exactly what is says on the tin.

Los Angeles, CA (prHWY.com) May 10, 2011 - Surge in Demand For Mobile Phone Recycling

Comparemyoldmobile.com has recently launched a new site in the U.S in a bid to take the mobile phone recycling market by storm. Comparemyoldcell.com does exactly what is says on the tin. You can compare all the best recyclers and get the best price for your old mobile. Do you have some old mobiles which are going to waste in your kitchen drawer?

Currently there are well over 4.1 billion mobile phones this means about 60% of the world's population owns a mobile, with some of us owning more than 1. The average user replaces their mobile phone every 18 months, but what happens to the old one? Well, in the UK alone it is estimated that about 90 million phones are going to waste in kitchen drawers.

Mobile phone recycling has been around for a few years with the likes of Mazuma, Envirofone and Fonebank dominating the market. The competition is fierce between these big players who usually sell on the phones to developing countries or recycle the components of old phones. It is a winning solution for all concerned. Mobile phone owners get some extra cash for their old handsets, the recyclers sell the phones to people in developing countries or the components are recycled reducing waste and pollution in the environment.

Toxic substances such as Cadmium and Lead which are both extremely toxic to people and the environment are both found in mobile phones. It is thought that less than 20% of phones are recycled in the UK with many simply being left in drawers or thrown away to rot in landfills. These dangerous substances often pollute the ground or nearby water. In fact one mobile phone battery can pollute 600,000 litres of water which is enough to fill a large swimming pool.

Comparemymobile.com has helped thousands of people sell their old phones even when they were broken. The interface is simple and easy to use and the search functionality is intuitive. All you have to do is simply search for your phones make and model and it brings up a large table comparing offers from all the best recyclers in a few seconds.

Desmond Johnson, CEO of Comparemyoldmobile.com had this to say about his new venture "We are very pleased to have been able to help so many people in the UK to get Cash for mobile phones and we look forward to doing the same in the U.S".

There is no doubt the U.S market is huge and with the recycling industry continuing to grow at an increasing rate the demand for mobile phone recycling is set to increase. Also, developing countries such as India, China and Brazil have a less than adequate telecommunications infrastructure in certain regions and yet their economies are amongst the fastest growing in the world, the demand for communication is vast.

This relatively new industry still has a long way to go until everyone is recycling their old phones, but with exciting new companies like comparemyoldmobile.com expanding into other countries the future is certainly promising.

For more information visit: http://www.comparemyoldmobile.com

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Tag Words: cash for mobile phones

Categories: Finance

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