More Than £1 Billion Worth of Unused Mobile Phones in UK Homes

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­There are nearly 50 million unused mobile phones in the UK, worth around £1 billion (US$1.6 billion), according to a mobile phone recycling service website, CompareMyMobile.

The research found that half of the population has a unused handset in their homes with 14% having four or more old or unused mobiles in draws or cupboards. This equates to almost 50 million unused phones in homes in the UK.

Andrew Beckett, Co-founder and Commercial Director of CompareMyMobile says: "Whilst you can understand people holding onto one spare phone for an emergency, we were astonished that more than a quarter of the public have three or four unused phones at home. People don't realise that the old Nokia or Samsung in a drawer is worth up to £100. In difficult economic times, people should check what unused handsets are worth."

The research demonstrates the lack of knowledge about the recycling value of handsets with 60% of respondents freely admitting they had no idea what an old phone was worth. Beckett continues: "Every phone should be recycled -- it is the only way to ensure the safe disposal of the device. The network operators and manufacturers need to work much harder to inform the public of the options available."

CompareMyMobile is an independent price comparison site that provides information on the value of a used mobile phone from more than 40 recycling companies.

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