There's money to be made with your old cellphone

Westlake Village (CA) - According to market researchers, the average American is upgrading to a more advanced cellphone faster than ever before. Statistics tell us that we typically say Goodbye to our mobile phones every 20 months. But what actually happens to those millions of discarded phones? Well, not every phone ends up in a landfill: Many phones make a U-turn and are sold back into the market.

One of those companies that is taking advantage of cellphones that are discarded by consumers is ReCellular. Since 1991, the company has recycled millions of phones back into the marketplace. Currently, the company is handling 10,000 to 15,000 mobile phones each day at their Dexter, Mich. factory and about two-thirds of those phones are in a good enough condition to be sold back to the United States and third-world countries.

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Humphrey Cheung was a senior editor at Tom's Hardware, covering a range of topics on computing and consumer electronics. You can find more of his work in many major publications, including CNN and FOX, to name a few.