Used gadgets find new lease of life

THROW a stone and chances are that you will hit someone who owns at least one electronic device. In fact, data from the Department of Statistics Singapore shows that subscription numbers for mobile phones in our densely populated city-state have steadily increased from about 6.9 million in 2009 to 8.2 million in 2015.

The figure is higher than the Little Red Dot's population, which begs the question of the fate of these electronic devices after they are deemed obsolete - especially in this day and age where we change our handphones and computers like, well, we change our clothes.

This is where CompAsia comes into the picture. Set up in 2012 with about five staff, the IT asset disposition (ITAD) company now has more than 30 employees and is on the expansion route. Sales numbers between 2015 and 2016 have also grown 10 times to be in the double-digit millions.