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Apple Reportedly raked in $40 Million in Recycled iPhone Gold

10. 05 SNAP NEWS -

1AF COVER APPLE GOLD



Apple has put a big push his year into recycling, as it uses partners and fancy new robots to make sure valuable parts from the millions of iPhones sold per year don't end up in landfills. Apple released its annual environmental report on Thursday, and it included some information about just how much it can recover from its old computers — over 61 million pounds of steel, aluminum, glass, and other materials. As part of that, Apple recovered 2204 pounds of gold — well over a ton. At the current spot price of $1229.80 per troy ounce of gold, Apple recovered just under $40 million in gold from old phones and computers. Business Insider

 

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