Thursday, April 21, 2016 [Tweets] [Favorites]

Almost Nothing About the “Apple Harvests Gold From iPhones” Story Is True

Jason Koebler (via Slashdot):

Here is the truth: Apple paid independent recyclers to recycle old electronics—which were almost never Apple products, by the way—because it’s required by law to do so. Far from banking $40 million on the prospect, Apple likely ended up taking an overall monetary loss. This is not because Apple is a bad actor or is hiding anything, it’s simply how the industry works.

[…]

In this sense, electronics recycling often works a lot like carbon offset credits, according to Kyle Wiens, CEO of iFixit, a company focused on helping people reuse and repair their electronics rather than recycle them.

“What they really do is cut recyclers a check and say ‘Can we have credit for a million of your pounds?” Wiens told me.

[…]

“The ironic thing is most of the gold is in old PCs and servers,” Wiens said. There’s very little gold in an iPhone.”

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