Apple is looking golden…literally.
File this under “Who’da thunk it?”.
It’s being reported that due to Apple’s (NYSE: AAPL) electronics recycling program the tech giant has recouped a ton of gold.
Not a ton as in “a lot”, a ton as in literally over 2000 pounds of gold.
At gold’s current trading price of $1,229.80 per ounce, that equals just under $40 million!
Gold is often added to the internal circuits of computers because of its ability to conduct electricity, so it can be assumed that a lot of the gold was recovered from inside the devices. However, in recent years, gold was used for decoration on higher-end Apple Watches and iPhones.
Gold isn’t the only precious metal that Apple recouped. They also found 6,612 pounds of silver ($1,711,714) and 2,953,360 pounds of copper ($6,408,791).
Jump to page 17 of this report to see all of the materials Apple gained with their recycling program.
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