Low used electronics pricing in China, margin compression and inflation conspired to cut Sims Lifecycle Services' profits in half during the 2023 fiscal year, executives said.
After years of pushing back against bills that would grant consumers the right to repair electronics, Apple announced it supports an amended version of one such bill currently in play in California.
Low prices for electronic components continue to dampen Iron Mountain's data center decommissioning business. Meanwhile, a group of ITAD and e-scrap companies boosted their profit margins even amid a slowdown in business.
Likely hesitant due to difficult markets in the first quarter, ITAD industry players were fairly conservative in their capital expenditures early this year. But company leaders foresee bigger spending ahead, according to a new survey.
TES is opening a facility in Virginia to decommission hyperscale data centers, part of the ITAD company's strategy to benefit from the continuing transition of computing power from individual devices to the cloud.
Nearly a third of IT professionals at small- and medium-sized businesses admitted that they trash at least some used electronics rather than dispose of them in a responsible manner, according to a software marketplace's survey.
Google's latest environmental sustainability report highlighted how the tech giant is working to increase its use of recycled materials and decrease its waste.
A number of market factors squeezed the ITAD industry earlier this year, including high costs of labor and lower secondary market prices, according to a first-of-its-kind survey.