SCOTS spend the most money on tech in the UK – splurging up to £24,000 in their lifetime.
Research by MPB revealed today that over 1 in 10 people spend up to £600 each year on their gadgets, with a further 1 in 20 spending up to £800.
35% of Scots admit that they like to keep up with the latest technology, but 68% agree that they find the cost of technology too expensive.
Edinburgh spends more on tech than the average Scot, splashing £430 on average each year.
Founder and CEO of MPB Matt Barker said: “Keeping up with the latest tech doesn’t need to be expensive. Once you want to upgrade, trade in or sell your old device to save cash.
“Most of us already do this with our smartphones but there are so many people still out of the loop when it comes to other tech categories.”
Two thirds (62%) of Scots admitted they have not sold an old piece of tech in the last 10 years, with the vast majority (81%) admitting they have never traded in an old gadget.
A fifth of people said they cling onto their old devices because the process of selling is “too much effort”, a further 1 in 10 proclaimed they don’t know how to sell their unwanted tech.
From the research, cameras are the longest kept gadget in Scotland, with 17% of consumers holding onto models that are over 15 years old.
However, camera kits could potentially be worth more now than what they originally cost.
MPB found that the average piece of camera kit appreciated in value by 1.6% - lucky for the majority of Scots who said they have one or more cameras lying around their home.
Barker continued: “Photography kit is built to last.
“Your 10-year-old smartphone might not be of much use to someone anymore, but if you’ve got an unused camera in your drawer then don’t be afraid to get it back into circulation so somebody can make the most
of it.”
“Consumers are already buying and selling used clothes, cars and furniture, and seeing the great gains to be made from this. We want to highlight to them that there are also huge savings to be made in tech too.”
