In 2017, we watched over $2.1 billion transfer to U.S. customer hands through mobile device buyback and trade-in programs. And while your first reaction may be to think it’s all from consumer trade-ins, it’s important to recognize that businesses are part of this equation, too.
As workplace mobility grows exponentially, enterprise mobility management (EMM) solutions and services are becoming the norm. In fact, the EMM market is set to reach nearly $3 billion in the next couple of years.
At a high level, EMM solutions help you deploy, secure, manage, and retire the various LTE-connected devices within your business—smartphones, tablets, laptops, air cards, modems, routers, etc.
The retirement aspect is where we come back to the mobile trade-in discussion. When you’re working with your EMM to retire aging devices, you want to be sure you’re squeezing every last ounce of value out of them.
Upgrade Cycles Are Getting Tighter
Before mobile took over, hardware refreshes were considered in cycles that lasted several years. And even as smartphones emerged on two-year consumer contracts, businesses held onto older devices longer.
However, today, enterprises are more reliant on mobile devices and solutions than ever. If you have employees in the field relying on mobile apps to get their jobs done, do you want them doing it on a 4-year-old device that has a degraded battery and sub-par performance?
Trying to avoid mobile device upgrades can lead to diminished security and employee productivity, and even if you do hold off, eventually you’ll come to the end of a device’s support lifecycle and have to upgrade anyway.
While your EMM solution can help manage the retirement of these devices, you need another partner to help unlock their remaining value.
There’s Value in Almost Any Retired Mobile Device
Some tech managers believe there’s just no value to gain from trading in mobile devices. That’s why so many closets end up stacked with retired devices.
However, the perceived lack of value is misguided. Here are three key ways that you can find value in trading retired devices:
- CapEx Relief: The average trade-in value of iPhones was almost $150 in 2017. Trading in your retired smartphones (and other devices) gives you an influx of money that can be used to relieve the CapEx stress that an upgrade cycle usually comes with.
- Increased Security: It may not feel like it, but the closet full of retired devices can be a security risk. A simple factory reset will still leave sensitive data on the devices, which can be a problem if they end up in the wrong hands. A true trade-in program can get your retired devices off site and deliver government-level data clearing.
- Going Green: When enough devices pile up in the closets, tech managers may be tempted to just throw them away. Trading in old devices doesn’t just give you monetary credit—it helps you dispose of the electronics and metals in an environmentally-friendly way. It’s just the right thing to do.
The only remaining reason to hold onto retired devices is that you think the hassle of trading them in isn’t worth the trouble. That’s where we come in at HYLA.
Our mission is to provide the easiest, most environmentally-friendly way for businesses to trade their LTE-connected devices in. If you’re ready to unlock the true value of retired assets, get in touch with us today to see how we can help.