300
submitted 1 week ago by MicroWave@lemmy.world to c/news@lemmy.world

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.

top 50 comments
sorted by: hot top controversial new old
[-] CharlesDarwin@lemmy.world 23 points 6 days ago

device hoarding

That is not what this is called.

[-] OhStopYellingAtMe@lemmy.world 7 points 6 days ago

Fuck the economy.

[-] RememberTheApollo_@lemmy.world 7 points 6 days ago

We should make devices lower quality to increase profits! More failures!

[-] uberdroog@lemmy.world 7 points 6 days ago

My phone can fuck right off. Other than GPS and music...its really not as valuable as I may have once thought

[-] Bearlydave@lemmy.world 3 points 6 days ago

I think the economy has bigger problems than you not being a good little consumer.

[-] grasshopper_mouse@lemmy.world 2 points 6 days ago

My phone is 5 years old and I'm not giving it up until it's bricked at this point. Shit is just too expensive to upgrade anymore.

[-] melsaskca@lemmy.ca 2 points 6 days ago

People will loosen the purse strings once Trump is gone and stability resumes. If they have any money left after Trump is gone.

[-] Screen_Shatter@lemmy.world 212 points 1 week ago

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.

[-] UltraGiGaGigantic@lemmy.ml 3 points 6 days ago* (last edited 6 days ago)

“device hoarding”

The article about generational wealth is right around the corner I'm sure!

[-] hansolo@lemmy.today 58 points 1 week ago

This is blaming consumers for companies not doing a better job at planned obsolescence.

[-] vaultdweller013@sh.itjust.works 36 points 1 week ago

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.

load more comments (2 replies)
load more comments (10 replies)
[-] Iamsqueegee@sh.itjust.works 129 points 1 week ago

Maybe don’t base the economy on e-waste?

load more comments (1 replies)
[-] gibmiser@lemmy.world 104 points 1 week ago

Sacrifice yourselves for the economy

[-] Routhinator@startrek.website 102 points 1 week ago

What kind of twatwaffle writes this crap. Fuck your planned obsolescence.

load more comments (8 replies)
[-] brap@lemmy.world 87 points 1 week ago

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?

[-] Carnelian@lemmy.world 26 points 1 week ago

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

load more comments (3 replies)
[-] NPVT@reddthat.com 55 points 1 week ago

A new phone can cost over $1000 and the old one still works

load more comments (4 replies)
[-] blattrules@lemmy.world 54 points 1 week ago

Maybe the economy shouldn’t be so dependent upon disposable devices.

load more comments (1 replies)
[-] OR3X@lemmy.world 46 points 1 week ago

Yeah, no shit. No one wants to buy a new $1200 phone that does the exact same shit as the last $1200 phone.

[-] SaveTheTuaHawk@lemmy.ca 30 points 1 week ago

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.

load more comments (4 replies)
[-] Witchfire@lemmy.world 46 points 1 week ago

"The economy" can once again be replaced with "rich people's yacht money"

[-] camdog2000@ttrpg.network 44 points 1 week ago

"The economy" is code for rich people's profits.

[-] BrianTheeBiscuiteer@lemmy.world 42 points 1 week ago* (last edited 1 week ago)

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?

[-] celeste@kbin.earth 37 points 1 week ago

Then the "economy" should make more repair shops and sell more replacement items if it can't convince people to throw away still useful items anymore.

[-] TheWeirdestCunt@lemmy.today 36 points 1 week ago

Sounds like phone companies need to innovate a bit more to me. Why the hell would anyone blame consumers for deciding that they don't need to replace something if the replacement is almost the exact same?

load more comments (2 replies)
[-] Aljernon@lemmy.today 34 points 1 week ago

It doesn't cost the economy at all; great efficiency frees up resources for other purposes. The only downside is to the companies that make the devices and rely on planned obsolescence for profitability. The stock market and "the economy" are NOT synonyms.

[-] SaraTonin@lemmy.world 34 points 1 week ago

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”?

load more comments (1 replies)
[-] enki 30 points 1 week ago

Omg the poor economy, how could those selfish Americans do that

[-] rothaine@lemmy.zip 29 points 1 week ago

Maybe "the economy" should give some more money back to working class people, ya dingdongs

[-] luciferofastora@feddit.org 2 points 6 days ago

The consequence of squeezing every last cent from people

[-] TheAlbatross 29 points 1 week ago* (last edited 1 week ago)

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.

[-] nondescripthandle@lemmy.dbzer0.com 28 points 1 week ago* (last edited 1 week ago)
load more comments (1 replies)
[-] Hello_there@fedia.io 28 points 1 week ago

Man. What a shitty headline. This is actually impressive.

[-] smiletolerantly@awful.systems 28 points 1 week ago

29 months

squeezing as much life out of your device as possible

FUUUUUCK YOUUUUUUU

Last phone I had for 7 years, through a screen replacement, 2 battery replacements, and a switch to LineageOS.

And I would not even call that "squeezing as much life out of your device as possible".

load more comments (6 replies)
[-] blueworld@piefed.world 28 points 1 week ago

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.

load more comments (9 replies)
[-] dumbass@piefed.social 28 points 1 week ago

PEOPLE AREN'T GIVING US MORE MONEY!

[-] UltraGiGaGigantic@lemmy.ml 3 points 6 days ago

Buy! No money, only buy!

load more comments (1 replies)
[-] OneWomanCreamTeam@sh.itjust.works 25 points 1 week ago

"A population with skyrocketing costs of living and stagnant wages cutting unnecessary spending, and that's a problem"

[-] apfelwoiSchoppen@lemmy.world 24 points 1 week ago

This is a good thing and CNBC centers on the poor shareholders. Reduction of ewaste in this small area is positive.

load more comments
view more: next ›
this post was submitted on 25 Nov 2025
300 points (100.0% liked)

News

33369 readers
4019 users here now

Welcome to the News community!

Rules:

1. Be civil


Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.


2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.


Obvious right or left wing sources will be removed at the mods discretion. Supporting links can be added in comments or posted seperately but not to the post body.


3. No bots, spam or self-promotion.


Only approved bots, which follow the guidelines for bots set by the instance, are allowed.


4. Post titles should be the same as the article used as source.


Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.


5. Only recent news is allowed.


Posts must be news from the most recent 30 days.


6. All posts must be news articles.


No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.


7. No duplicate posts.


If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.


8. Misinformation is prohibited.


Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.


9. No link shorteners.


The auto mod will contact you if a link shortener is detected, please delete your post if they are right.


10. Don't copy entire article in your post body


For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.

founded 2 years ago
MODERATORS