Apple's Recycling Initiatives Recover $40 Million In Gold (macrumors.com)
An anonymous reader writes: Apple released its latest annual environmental report yesterday with numbers detailing how much the company has been able to recover from old devices. Business Insider notes that Apple was able to recover over 61 million pounds of steel, aluminum, glass, and other materials from its computers and iPhones. This includes a total of 2,204 pounds of gold worth $40 million at current prices ($1,229.80 per troy ounce of gold). Cult of Mac ran the figures quoted by Apple through today's metal prices, and came up with individual figures for copper ($6.4 million), aluminum ($3.2 million), silver ($1.6 million), nickel ($160,426), zinc ($109,503), and lead ($33,999). Last month, Apple unveiled an iPhone recycling robot, named Liam, that salvages old parts.
I wanted my Iphone laid to rest as I knew it in life.
Some drink at the fountain of knowledge. Others just gargle.
And they only spent 100M recovering the said gold. Bargain and twice the price
If information wants to be free, why does my internet connection cost so much?
The troy ounce (oz t) is a unit of imperial measure, now commonly used to measure the mass (weight, in common parlance) of precious metals. One troy ounce is defined as exactly 31.1034768 g, which may be used to denote the value of a precious metal.
so that's about $39,539 (USD) per kilogram of gold.
Anons need not reply. Questions end with a question mark.
The troy ounce is about 10% heavier (ratio 192/175) than the avoirdupois ounce, used for everyday purposes in the United States, which equals 28.349523125 g.
Interestingly, the wikipedia page continues with:
Troy ounces are still often used in precious metal markets in countries that otherwise use the metric system
Whereas the French page says it is in use mainly in English-speaking countries for precious metals. Yet, in a funny twist of history:
The name "troy" is first attested in 1390. Though it is often connected to a fair at the city of Troyes, France, this story may have been invented in the 18th century.
Of course, the French page does not say anything about the story being apocryphal.
A lot of the gold being produced today is in ores containing other metals such as copper, silver and uranium.
Its not just about greening Apple's image and making customers feel good. It is also about removing used phones from the market. To interfere with a secondary market (used) that is competing with the primary market (new).
And they only spent 100M recovering the said gold. Bargain and twice the price
Your missing something. Apple's 100M effort to remove used phones from the secondary market (used) in order to reduce competition for the primary market (new) is subsidized to the amount of 40M by recycling the phones removed from the market. Plus there is a further subsidy through public relations and brand image from the greening this program offers.
And the upcoming robotic disassembly may yield to more efficient recycling/recovery than shredding and other current methods.
Doesn't this number sound a little high? They've recovered 61 million pounds of material? Older iphones weighed about 5 ounces, so let's say 3 phones per pound. This means they've recycled 183 million iphones?
How many iphones actually get recycled? I know I still have all of mine (actually my kids have them)
I'm calling BS
What makes you think this is only iPhones? Didn't you even read the whole summary?
Of course news about a fake are Fake News.