Nokia Will Pay $30 for Your Old 5110 and 3210 Cell Phones

Devout Nokia customers know what Nokia models are most durable among its products. Since the company dominated the mobile phone market almost two decades ago, an alarming discovery inside its main production plant in Finland prompted the top management to review its production record from sixteen years ago.

After an 8-hour deliberation and brain storming, the company has decided to bring the issue to the highest level at all cost. Nokia will buy all available old 3210 and 5110 models, working or non working, as long as the PCB is not broken.

The company did not give full details on what type of precious materials are found on its phone’s PCB, but technology experts suspected that 90% of PCBs produced from July 1998 to March 1999 had 8.57 grams of palladium.

The discovery was revealed on the company’s former supplier’s report filed two years ago when Nokia replaced its PCB supplier. Nokia asked the former supplier to give the complete lists of PCB component, and the new supplier was shocked after reviewing the details.

Only the 1998 and 1999 models of Nokia 5110 and Nokia 3210 were affected. Based on the company’s record, there were 127.8 million of N5110 and 275.9 million of N3210 manufactured during that time.

The company is eying to recover at least 5% or 20.2 million units. Nokia will pay $30 for each unit and the total cost for recovery is expected to top $606 million excluding shipping fees. Based on today’s cost of Palladium, the company is expecting at least $84.4B in net profit.

Palladium is a rare earth mineral and is very expensive. The former Russian supplier is believed to use the more durable palladium instead of nickel in order to win the Nokia contract. The unnamed supplier was also an affiliate of biggest palladium mining company in Russia.

Nokia is expected to create a special page with instructions, and an online form where customers who still own the said models can submit their inquiries.

See Also: Biggest Palladium Deposits Discovered in Philippines

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