Outerwall, the parent of electronics trade-in company ecoATM, is merging with a private equity firm and will no longer be a publicly traded company.
The Librarian of Congress has determined it is now illegal to unlock mobile phones, leaving many in the burgeoning mobile device refurbishment business scrambling to determine how the law will affect their business.
Sales forecasts for PCs, tablets and smartphones have been released by International Data Corporation.
Samsung has recalled 2.5 million of its Galaxy Note 7 smartphones due to a potentially dangerous problem that has caused some of the phones to explode. While this is definitely a problem for Samsung, it’s also a problem for the e-scrap processors who might be responsible for handling the phones.
A used electronics trading company was raided and shut down after officials filed a lawsuit accusing it of running a “bait and switch” scheme on consumers.
A business based in the Pacific Northwest is emphasizing the “mobile” in mobile device repair. Portland, Ore.-based iFix King brings its repair lab to the customer, fixing electronics on the spot.
Worldwide shipments of new mobile phones will increase 3.1 percent in 2016, a substantial slowdown from growth in previous years, according to International Data Corporation (IDC).
The second of quarter of 2016 bought $40 million worth of good news to Outerwall, the parent company of ecoATM and Gazelle.