The average American now holds onto their smartphone for 29 months, according to a recent survey by Reviews.org, and that cycle is getting longer. The average was around 22 months in 2016.
While squeezing as much life out of your device as possible may save money in the short run, especially amid widespread fears about the strength of the consumer and job market, it might cost the economy in the long run, especially when device hoarding occurs at the level of corporations.
Research released by the Federal Reserve last month concludes that each additional year companies delay upgrading equipment results in a productivity decline of about one-third of a percent, with investment patterns accounting for approximately 55% of productivity gaps between advanced economies. The good news: businesses in the U.S. are generally quicker to reinvest in replacing aging equipment. The Federal Reserve report shows that if European productivity had matched U.S. investment patterns starting in 2000, the productivity gap between the U.S and European economic heavyweights would have been reduced by 29 percent for the U.K., 35 percent for France, and 101% for Germany.
Holy shit keeping a device longer than 2 years is “device hoarding” now? Thats fucking nuts.
How do you invest so much money in a device like that and not make it last? I’ve got one phone I use for work calls thats 10 years old. People are still shocked I dont even have a case on it.
My last phone up until a couple months ago was from 2017, apparently I am just a mega hoarder. Don’t look at the pile of miscellaneous bits of tech, the Omnisiah demands I collect the shinnies.
Honestly, if I could just upgrade the CPU and replace the battery every once in a while, is still be using a Note 3 or nexus 5. Those first few generations of notes were awesome.
When every single business is slowly getting to the point where they need you to be a consumer whore just to survive, yes.
…hands up anyone using laptops or desktops older than 15 years?.. …right here, bitches…lol…
I got laptops from 2008 and 2013, still work just fine 😁
Yup got that too. Flipped it to Bazzite, and setting up an old laptop on Mint now too.
I’ve got a “refurbished” Dell laptop that’s about 15yrs old. Some ex-corp model. 4C/8T, 16" 1900x1200-ish display, Nvidia GPU, 20G RAM, and it’s still going strong except for the battery which stopped holding a charge. I could get a new battery but I use the system rarely and just for browsing/email so running it off the AC brick is fine. It’s been running Linux Mint for as long as I can remember. My phone is a cheapo model from 2021 and it is also fine. The only reason I might replace it is if the battery tanks like with my other phones (planned obsolescence) or if I finally decide it’s mandatory to up my security/privacy game and need a phone that runs GrapheneOS, which means a Pixel. An old used one.
When you have some free time, you might find it interesting to read about Edward Bernays.
I’ve always been aware of propaganda, but had never heard of him. Thanks for that. Was an interesting and somewhat horrifying read.
I do everything in my power to avoid ads and develop an informed opinion but there is no escaping the influence of at least some social manipulations. I suppose its easy for me to forget sometimes how much others are influenced by that too.
Yeah, fuck that. I’ll keep my device as long as possible because of course I would! Try for five years.
“Hording”… The fucking nerve to say that… I am actually offended. Whatever happened to “recycle, reduce, reuse”? What could possible be more irresponsible than constantly replacing your devices?
It’s because economists haven’t got the memo yet that informs them that smartphones have been recategorized as, “durable goods”.
“device hoarding”
The article about generational wealth is right around the corner I’m sure!
Maybe don’t base the economy on e-waste?
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Sacrifice yourselves for the economy
And the planet.
Maybe I’m old but it feels like the days of meaningful improvements have passed. Now it’s just a slightly different design for the sake of the annual release schedule. Why change when this 4 year old device is still supported and functions just fine?
I have a 6 year old iphone. And the literal only enticing feature of the new ones is that the base models have 4x the storage space lol
Phones are where PCs were ~20 years ago. We’re getting past the stage where it’s a piece of outdated crap after 6 months and the improvements now are incremental.
This is it, really. I used to upgrade every year or two and flash the latest and greatest ROM to be on the bleeding edge.
Now, none of that really seems like a huge difference anymore other than GrapheneOS for privacy and security.
It’s just incremental improvements and none of the reparability I want, so I wait until it’s really necessary to upgrade now.
Mine is now 3.5 years old. I bought a new flagship model with the idea it’d last a long time. Only now are new ‘features’ and updates coming out on new models, and even those are minor. Plus mine still has company support.
Maybe the economy shouldn’t be so dependent upon disposable devices.
Yeah, no shit. No one wants to buy a new $1200 phone that does the exact same shit as the last $1200 phone.
Phones peaked around 2012. Now they are more cameras. If they had user replaceable batteries like 20 years ago no one would need to replace them.
Institutions and businesses need to stop the 2 year cycle on phones.
Phones peaked around 2012. Now they are more cameras.
Folding phones only came out about 5 years ago, but I bought it used and true to the article my current folding phone is over 24 months with no plans on it being replaced.
Flip phones folded first. NEXT!
I’m all for replaceable batt but it is usually at the expense of being more costly and/or less water proof.
“The economy” can once again be replaced with “rich people’s yacht money”
They could’ve also said CEOs are hoarding more wealth than ever and it’s costing the economy.
Also, phone manufacturers, for one, took my headphone jack, removable storage, removable battery, crammed in more crapware, made rooting even harder, and keep aggravating my RSI with bigger and bigger screens. Why the hell would I look forward to an upgrade?
Where’s that cartoon about financial news stories making much more sense if you replace the words “the economy” with “rich people’s boat money”?
This sounds a lot like something Richard Denniss would say. He wrote a book named Econobabble that explains a lot of this sort of thing.
I remember in the 00’s when you’d upgrade your phone every year because the service providers would give you a new phone. And it would be leaps and bounds better than your previous phone with tons of new features.
Now, Samsung wants to kvetch because I won’t spend $1,500 on their new whatever that is functionally identical to the one I have from 2020? Feh! Rot!
Edit: Come to think of it, my old phone has more features than the new one since they got rid of the stylus. Maybe one day they’ll figure out “AI” isn’t a feature, it’s bloatware.
Good, fuck the economy
They already did, that’s the problem. If they want more consumer spending they need to fix the wealth gap, but they don’t want to do that. They want to keep the pump running that transfers wealth from the poor to the rich but it’s starting to stall and they’re panicking, hence pieces like this.
Omg the poor economy, how could those selfish Americans do that
Proper headline: Economy sucks, inflation is higher than ever, so people have to hold onto their devices longer.
PEOPLE AREN’T GIVING US MORE MONEY!
Buy! No money, only buy!
This article is framed from a capitalist CEO, and while it touches on reality, feels incredibly lost in it’s point.
Cassandra Cummings, CEO of New Jersey-based electronics design company Thomas Instrumentation. …
Both the cellular and internet infrastructure has to operate to be backwards compatible in order to support the older, slower devices. Networks often have to throttle back their speeds in order to accommodate the slowest device
I’d Boohoo, if they actually were thinking about rebuilding the network stack to consider something like MultiPathTCP and reframed the devices to actually use all the networks they were on rather than a single one… But no they want you to by a single provider and depend on that plan… For the economy.
Further Telecoms choose not to upgrade towers (to save costs). In 2023, AT&T/Verizon spent $10B less on network upgrades than projected. Because they were being profit-driven underinvestment.
She does go on to say:
To ease the transition to new technologies, she says there should be designs that are repairable or modular rather than the constant purge and replace cycles. “So perhaps future devices can have a partial upgrade in say ethernet communications rather than forcing someone to purchase an entirely new computer or device,” Cummings said. “I’m not a fan of the throw-away culture we have these days. It may help the economy to spend more and force upgrades, but does it really help people who are already struggling to pay bills?” she said.
So slightly redeeming.
The article also makes note of repairing:
He adds that when people hold onto their phones or laptops for five or six years, the repair and refurbishment market becomes an active part of the economy. But right now, in both European, American, and global markets, too much of that happens in the shadows.
But this attempt to point out that productivity is lost on old devices:
The price to the organization is then paid in lack of productivity, inability to multitask and innovate, and needless, additional hours of work that stack up. Workplace research conducted by Diversified last year found that 24% of employees work late or overtime due to aging technology issues, while 88% of employees report that inadequate workplace technology stifles innovation. Kornweiss says he doesn’t expect there’s been any improvement in those numbers over the past year.
There’s a disconnect between the numbers and behavior. Many workers report that aging devices stifle productivity, but like a favorite pair of shoes or an old sweater, they don’t want to give them up to learn the intricacies of a new device (which they’ll learn and then have to replace with another). Familiarity can trump productivity for many workers. But the result of that IT clinginess is felt in the bottom line.
Fails to point out the waste of resources and it’s impact on climate, health, and the economy; loss of privacy and it’s impact on democracy, health, and yes the economy; and also how often new things don’t actually help productivity…
Some how the “Upgrade to help the economy” falls flat when you consider Windows 11 and it’s non-upgrade upgrade. Or MS Office which is still producing Word/Excel/PowerPoint/etc decades later with the same shortcuts. Your ‘productivity lag’ is your boss refusing to train you not your laptop
I mean if upgrade = economy, why does Apple sit on $165B in cash? They should spend it — not you!
Profit-driven innovation that wants to sell us the same iPhone with a new camera, is not helping the economy. We need real innovation that disrupts big tech as much as it disrupts everything.
Oh and that ‘business equipment investment’ from the fed was about factory robots and large capital investments, not phones.
This is a good comment.
