Apple (NASDAQ: AAPL) won’t be the only company profiting from the launch
of its new iPad Mini tablet. Green Technology Solutions, Inc. (OTCBB:
GTSO) and other e-waste recyclers are preparing for a massive boom in
tablet recycling as consumers sell their older iPads to subsidize the
new one.
Anthony Scarsella, chief gadget officer of e-cycling industry leader
Gazelle, told Computerworld on Monday that tablet trade-in volume
doubled in a single day when rumors of the iPad Mini entering production
began to swirl in mid-September. Trade-in quote requests increased 320%
over the previous week after Tuesday’s Apple event was announced on
October 16th.
Those requests aren’t limited to old iPads, either—consumers are trading
in tablets made by Google (NASDAQ: GOOG) and Amazon (NASDAQ: AMZN), too.
Recyclers like Gazelle are paying consumers big bucks for their unwanted
tablets because of the fast-rising value of metals. Precious elements
such as gold, lithium, and neodymium which are used in production of the
gadgets command a hefty sum.
“We’ve seen this same situation before, in the smartphone market,” said
GTSO CEO Paul Watson. “Consumers are happy to sell their old iPhones in
order to help pay for the newest model. On average, consumers replace
their phones every 18 months. We could be entering a period in which the
same can be said for tablet computers.”
That could mean big business for e-waste recyclers like GTSO. Last
month, the company’s mining subsidiary, GTSO Resources, signed a letter
of intent to acquire Global Cell Buyers, an emerging U.S.-based e-waste
recycling company, in a move that could allow GTSO to optimize recovery
of pricey minerals from smartphones, tablets and other electronics.
The two companies are currently finalizing a purchase agreement.
E-cycling, also known as urban mining, is a major pillar of GTSO’s plans
to compete in the increasingly lucrative global minerals sector. For
more information on these initiatives, please visit www.GTSOResources.com/investors.html.
About Green Technology Solutions, Inc.
Green Technology Solutions, Inc. [www.gtsoresources.com]
is a growth-oriented company exploring rare earth minerals and precious
metals production around the world. To learn more, please visit our
website at www.GTSOresources.com/investors.html.
Follow us on Twitter at www.twitter.com/gtsoresources.
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