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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.

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[-] reddig33@lemmy.world 24 points 1 week ago

Proper headline: Economy sucks, inflation is higher than ever, so people have to hold onto their devices longer.

[-] tmyakal@infosec.pub 12 points 1 week ago

But you guys not buying new phones is reducing productivity by a third of a percent! Think of the potential losses!

[-] 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.

[-] sudoer777@lemmy.ml 23 points 1 week ago

Now I want to hold my devices longer so the economy destroys even faster

[-] bitjunkie@lemmy.world 22 points 1 week ago

wHy ArE mIlLeNnIaLs DeStRoYiNg ThE pRiCe Of ____?!#1

Because we don't have any fucking money, idiot.

[-] 5in1k@lemmy.zip 22 points 1 week ago

Fuck this shit. Pay us more.

[-] Gnomie@lemmy.world 22 points 1 week ago
[-] Naich@lemmings.world 11 points 1 week ago

Ć̶̨̢̧̨̬͍̩̳̦̭̯̘̟̥̭͈̫͈̝̹͙͂͂̽̍̄͆̿̿̀̈̋̓̊̑͊̏͐̿͝͝͝ͅ ̵̨͚̲̯͎̲̻̦̹͚͖̻͗ͅÒ̷̧̰̙̗̭̳̤̲͖̼̬̦͇̊̑͒̋̉̂̈́͜ ̶̨̡̢̹̺͙̠̭̻̩̻̦̲̱̹̜̽̏̈́̄̓̀͊̓̐͒͋̎͝ͅͅN̸̡̨̫͎̤͕͇͓̳̩͍͉͔̙̍̌ͅ ̵̢̳̹̲͕̫̮͙̇͊̐̓̎̿̎̚S̷̨̻̥̯̳̜̞͍͇̥͙͈̯̳̽́̆̈́̽̓̍͌͗̅̽̕͜͝ ̵̢̞͎̝͎̯̤̪͎̞̜̣̭̰̥̞̲͇̊̽̽̋̄̋͘̚͜U̷̢̧̖͓͎̣̰̖̟͍̗̼̭̞̳̣̠͖͈̎͗̒̈̂̍̀͌́̈́̌͛̿̊͜͠ ̵́̄͛̏̏̀͆͐̊̓̈̇̀̈́͌̔̽̾̾͋̓͝͝ͅM̴̢̛̹̙̳̰̩͙̙̦̤̞̦͙̞̦̗̈́̊̌́́̾̅̑͑͋̃͌͆͂̉̍͋͠͠ ̶̨̛̜̭̟̩̝͐̈́̓̄̂͋̓͒̄̽͑͛̑͠Ę̵̢̛͔̦̹͕̬̲̙̼̲͖̣̥͎̆͗͐̚͜ͅͅ

[-] Mk23simp 21 points 1 week ago

Maybe if more of "the economy" went into the pockets of consumers they'd have money to buy phones as often as they used to.

[-] Fedizen@lemmy.world 20 points 1 week ago* (last edited 1 week ago)

Fuck the economy. It can eat my ass.

Also with moore's law's death, why the fuck would anybody believe this productivity bullshit? Any device from 5 years ago can do what a device today can.

One more thing, wtf is this entitlement from electronics importers. Apple, google, samsung, etc can all fuck off until they move manufacturing back to north america.

[-] octobob@lemmy.ml 19 points 1 week ago

29 months is long? What good for "the economy"? New phone every year?

I kept my last phone (pixel 3A) for 6 years. Only got rid of it when it finally stopped charging.

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[-] Whirlygirl9@kbin.melroy.org 18 points 1 week ago

29 months?! I don't get rid of my device until it doesn't hold a charge for longer than 10 minutes and no longer has security updates provided...My last phone was 7 years old.

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[-] mr_ashernaut@lemmings.world 17 points 1 week ago

God forbid we sacrifice one-third of a percent of productivity to reduce our impact on nature.

[-] notsure@fedia.io 17 points 1 week ago

...so the joke goes... A woman comes into the store where she bought a toaster 45 years previous, she wishes to compliment the company for its many years of use and get a new toaster. The salesman is beside himself and calls his supervisor. The supervisor is also surprised and calls his boss in regional sales. Eventually, the woman is sent to the President of the company where she is thanked for her continues patronage, and is given a new toaster. The President of the company takes the old toaster to his Research and Development Department, and tells them, "Find out how this lasted so long and make sure it NEVER happens again!"

[-] lka1988@sh.itjust.works 8 points 1 week ago

The most hilarious thing about this is that a toaster, being little more than a spring-loaded tray and heating elements, should last for decades to come. But they don't, because profits.

[-] Dorkyd68@lemmy.world 16 points 1 week ago

Good. If the economy is designed to only survive with constant spending then fuck it

[-] a4ng3l@lemmy.world 16 points 1 week ago

Only 29 months?! That’s a bit wasteful unless it’s being handed down…

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[-] Psythik@lemmy.world 16 points 1 week ago* (last edited 1 week ago)

Only two years? Seriously?

Why? It's not 2010s anymore, even 5-year-old devices still get updates these days. How are people affording to drop $1K on a new phone every two years? Or maybe the problem is that they're buying shitty cheap low-end phones that were obsolete out of the box. If you buy a good, used, last gen flagship, it'll last you many years.

[-] humorlessrepost@lemmy.world 13 points 1 week ago

They’re getting trade-in value for their old phone, hiding part of the remainder in a carrier contract, and getting loans for the rest. It’s only $1k if you’re one of those weirdos who likes to own things.

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[-] muffedtrims@lemmy.world 15 points 1 week ago

Perhaps it's all the cell carriers moving from 24 month device payment plans to 36 month terms. Flagship devices have become so costly that to keep the monthly device payment plan price the same the term needed to be extended.

[-] Themosthighstrange@lemmy.world 15 points 1 week ago

Oh I'm sorry AI can't buy devices, pay us bitches

[-] aeronmelon@lemmy.world 15 points 1 week ago

Oh no, the economy!

[-] Formfiller@lemmy.world 15 points 1 week ago* (last edited 1 week ago)

The economic outlook is nobody having jobs and a bunch of racist sexist pedofile trillionares saying they own everything because of corruption. It’s pretty clear the consumer based economy is being dissolved for a new debt based feudal system where everything is owned and you’re allowed to live as a debtor slave or live in a for profit prison or die.

[-] DrPop@lemmy.world 14 points 1 week ago

I had my phone for 8 years until one day it bricked. That's the only reason i got a new one about a year ago. My wife is coming up on the two year mark and is asking for a new one and i have to keep reminding her that hers is fine.

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[-] YoiksAndAway@piefed.zip 12 points 1 week ago

I'm still rockin' my Galaxy S10 and the desktop I built in 2016. Both meet my needs just fine right now.

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[-] wewbull@feddit.uk 11 points 1 week ago

The phone contracts are now all 24 or 36 months I stead of 18/24. Hence the average goes up

[-] kaitco@lemmy.world 11 points 1 week ago* (last edited 1 week ago)

Won’t somebody please think of the economy?!?

[-] zuckey78@sh.itjust.works 10 points 1 week ago

This is the new avocado toast

[-] lemmyout@lemmy.zip 10 points 1 week ago

One of the things the article says is that "most people want newer phones" (if they could afford it). Do y'all feel that way?

I think I wouldn't switch my 4 year old device even if someone gave me a new one for free. Just the hassle of changing to a new phone is not worth it when the new phone isn't that much better. I'm just so over "tech". I don't have that excitement of new gadgets anymore.

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[-] Blackfeathr@lemmy.world 10 points 1 week ago

Balls to that. You can pry my old devices from my cold dead hands.

[-] anarchiddy@lemmy.dbzer0.com 10 points 1 week ago

You know shit's bad when US media starts using the 'China bad' classic "but at what cost?" byline toward US consumers

Im guessing there's a sister article somewhere on Forbes reporting lower than anticipated earnings for US phone manufacturers

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[-] melsaskca@lemmy.ca 9 points 1 week ago

Let's all feed the "economy beast" with fake, valueless, money tokens and buy hardware, while we all starve. Earn points!

[-] Strider@lemmy.world 9 points 1 week ago
[-] Bubbaonthebeach@lemmy.ca 9 points 1 week ago

My Pixel 6a has about 18 months of support left. I doubt I will be buying any other American based phone then so I'm seriously considering not having a smart phone. I think I have an old flip phone in the closet. It may come back into play.

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[-] RagingRobot@lemmy.world 8 points 1 week ago

Why are we always expected to change our behavior to benefit the economy? I need to buy more? The economy is all made up why can't it change to meet the needs of the people?

[-] SpankyDoodle@eviltoast.org 8 points 1 week ago

What do they think we all want to be influencers in the newest greatest thing. Way overrated. Fuck the economy. Id rather stop contributing to the piles of ewaste.

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this post was submitted on 25 Nov 2025
300 points (100.0% liked)

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