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.

  • Fedizen@lemmy.world
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    1 hour 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.

  • SpankyDoodle@eviltoast.org
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    4 hours 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.

    • BarneyPiccolo@lemmy.today
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      4 hours ago

      Great! Now we’re getting blamed for wrecking the economy because we aren’t spending enough of our minimum wages on $2000 phones often enough.

      Couldn’t have anything to do with redistributing over a trillion dollars a year to Sociopathic Oligarchs, and not taxing them. How about forcing them to give each one of us a new phone every year. Or how about this: Just give us health care, like every other country in the world.

      Not buying enough new phones? Go fuck yourself.

  • melsaskca@lemmy.ca
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    6 hours ago

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

  • Aljernon@lemmy.today
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    13 hours 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.

  • smiletolerantly@awful.systems
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    13 hours 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”.

    • aceshigh@lemmy.world
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      11 hours ago

      2 phones ago I kept my phone for 6 years and it became sooo slow I had to upgrade it. Had it wasn’t for that, I’d have kept the phone longer. Last was 7 and I upgraded because someone gave me a newer phone for free. Perhaps it’s just a preference for me to keep devices until they die.

    • Electricd@lemmybefree.net
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      12 hours ago

      Many people use cheap phones and used phones as well sometimes, and buying another one is nearly more interesting than repairing them

      • smiletolerantly@awful.systems
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        12 hours ago

        The phone in question was midrange. Sure, not super cheap and I can see how a cheaper one would make it less attractive to repair, but still. (Plus I paid like, 50€ for the screen repair, I think?), and batteries were 15€ from eBay plus 20 minutes of my time.

        But this is kinda beside the point: as long as it runs your apps, why upgrade.

        • Electricd@lemmybefree.net
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          47 minutes ago

          Some people want faster phones for gaming for example. Maybe more storage. Maybe better photos. Maybe better connectivity. Maybe a bigger screen.

          I’m on your team honestly. If you’re happy with your current phone, don’t buy a new one. Help the planet and save some money :)

  • Bubbaonthebeach@lemmy.ca
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    15 hours 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.

  • renrenPDX@lemmy.dbzer0.com
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    13 hours ago

    I’m still on my iPhone 12 Pro (most up to date currently on the market is 17 pro). Updated from a 10 but probably didn’t need to (someone wanted my soon to be old phone). Upgraded to 10 from a 6 Plus only because I broke the camera. I think the last time I was on 1-2 year update cycle was around iPhone 5.

    For me, I think once storage got to 128+ (iphone 6 onward), it became easier to hold on to the phone since storage didn’t feel as limiting. Like I can take pictures and pretty much not have to delete anything to make room to use the phone/camera.

  • Psythik@lemmy.world
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    16 hours 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
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      17 hours 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.

  • DrPop@lemmy.world
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    19 hours 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.

    • Corkyskog@sh.itjust.works
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      17 hours ago

      The Galaxy S3 was the best phone they ever made. SD card, removable battery, built in IR blaster… it pains me that I can’t still use it.

  • SaraTonin@lemmy.world
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    23 hours 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”?