Perceptions of value in retired smartphones: The role of monetary incentives in influencing end-of-hibernation decisions
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View abstract on PubMed
Summary
This summary is machine-generated.Consumers value retired smartphones more over time, with perceived value increasing significantly after three years. Monetary incentives impact decisions to end smartphone hibernation, but longer storage decreases reuse inclination.
Area Of Science
- Consumer Behavior
- Sustainable Technology
- Circular Economy
Background
- Millions of smartphones are retired annually but retained by consumers.
- These hibernating devices possess significant reuse potential, yet often face inadequate recovery.
- Understanding consumer perceptions is key to unlocking the value of dormant electronics.
Purpose Of The Study
- To explore consumer perceptions of hibernating smartphone value over time.
- To examine the influence of storage duration and monetary incentives on End-of-Hibernation decisions.
- To identify factors affecting the reuse of retired mobile devices.
Main Methods
- Survey-based research exploring consumer valuation of retired smartphones.
- Analysis of the impact of storage duration on perceived device value.
- Investigation into the role of monetary incentives in decision-making for device reuse.
Main Results
- Participants perceived newly retired smartphones as 28% more valuable than market value.
- Perceived value escalated to 83% higher than market value after three years of storage.
- Increased gap between incentives and perceived value heightened retention, while longer hibernation reduced reuse intent.
Conclusions
- Consumer valuation of retired smartphones increases substantially with time.
- Monetary incentives are crucial for encouraging the End-of-Hibernation of devices.
- Strategic interventions are needed to overcome prolonged storage and facilitate smartphone reuse.
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