Brits spend £40,000 on tech during lifetime

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The typical British adult will spend around £40,000 on tech during their lifetime, according to a new study. This includes 21 mobile phones, 16 games consoles and 16 laptops or computers – along with more than 1,000 batteries and 126 charging cables.

They’ll also possess a total 13 TVs, 16 tablets and 13 cameras – not forgetting 21 pairs of headphones and 16 sets of speakers. However, the research commissioned by musicMagpie found almost a fifth of adults will simply bin their tech once they’ve finished with it – even if the device is still in working order.

And more than a third of the 2,000 adults polled will hang on to their old gadgets because they ‘don’t know what else to do with them.’

It also emerged the average adult could currently make £2,094.77 from trading in the tech in their home, based on the average value musicMagpie will pay customers when they sell technology items.

Liam Howley, from musicMagpie, said:

“Our research has shown that people will own a staggering amount of tech during their lifetime, much of which will currently be dormant in households, as people don’t know what to do with it after it’s no longer in use.

“With spring well underway and people currently being encouraged to stay at home, perhaps this is a good opportunity to have a rummage in those drawers to see what devices can be cleared out.

The study also found those polled will own 16 PC monitors, 21 smartwatches and 16 MP3 players during their lifetime. And during a typical year they will spend almost £309 on the latest gadgets and gizmos, with another £25.22 a month spent on contracts for devices such as mobile phones.

But while three in five claim they ‘couldn’t live’ without their beloved tech, more than a fifth said they tend to replace their old devices because they have become dated. It also emerged that when it comes to dumping the products they no longer use, 42 per cent aren’t sure about how to recycle tech and dispose of it responsibly. And while 79 per cent recycle whatever they can of plastics, just 44 per cent have recycled electronics.

However, hanging onto the old gadgets could result in lost money as data shows the value of a new iPhone can depreciate by up to £290 a year and Samsung models by up to £293.

The study also found that despite 59 per cent of those polled recognising the importance of recycling electronics to help care for the environment, 32 per cent are more likely to replace a damaged gadget.In comparison, the musicMagpie study, carried out through OnePoll, found just 23 per cent attempt to fix the item.

MusicMagpie has just launched a free, contactless courier service for any tech valued under £200. For every piece of tech it buys or sells it will donate £1 to NHS Charities Together and customers also have the option to donate the whole value offered for their tech to the health service. 

To trade in unused tech visit //www.musicmagpie.co.uk/start-selling/

AMOUNT OF TECH OWNED BY BRITS DURING THEIR LIFETIME

Smartphones – 21
Headphones – 21
Games consoles – 16
Games controllers – 16
PC monitors – 16
Tablets – 16
Smartwatches – 21
Laptops/PCs – 16
IPods/MP3s players – 16
TVs – 13
Speakers/smart speakers – 16
Cameras -13
Charging cables – 126
Batteries (such as AAA, AA etc) – 1008

AVERAGE TRADE-IN VALUE OF THE FOLLOWING TECH ON MUSICMAGPIE

CDs – 40p
DVDs – 31p
Blu-ray – 83p
Video games – £1.70
Books – 66p
Apple computer – £347
Apple TV – £17
Digital camera – £55
Games console – £46
Headphones – £43
iPod – £31
Kindle – £19
Mobile phones – £150
Smart speakers – £140
Tablets – £131
Wearables – £117

Chris Price
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