2/12/2023 0 Comments Ecoatm macbook pro 2012 price![]() Outerwall, for its part, had already been extending well beyond coin machines and simply returning paper money in exchange for coin shrapnel. “As evidenced by our growing investment in ecoATM over the last four years, we are confident that ecoATM’s innovative, environmentally minded business model will continue to resonate with today’s technology savvy consumers.” Scott Di Valerio, chief executive officer of Outerwall, in a statement. “With ecoATM, Outerwall will advance its evolution into multiple automated retail businesses and increase our exposure to the growing demand for refurbished products and mobile devices across the globe,” said J. alone, ecoATM says 175 million new devices are sold each year, but in terms of older models, only 20% of used mobile phones are collected, and another 50% are either stored or simply thrown away. It also underscores how lower-margin companies like these are looking for ways to ramp up into higher value items, while at the same time providing a much-needed service in our highly disposable economy. The move is a sign of consolidation in the self-service retail space, and also a mark of how Outerwall has much bigger ambitions beyond simply turning your multitudes of pennies into more useful dollar bills - hence, also, the rebranding. Because of the 23% stake that Outerwall already owns, that will be deducted from that $350 million pricetag, the company noted today.ĮcoATM is also holder of the 2012 Crunchie for best clean tech startup. today complete with a new stock ticker (OUTR) and ringing today’s opening bell, was already an investor in ecoATM, which had raised $31.4 million in VC financing, plus another $40 million in debt. Outerwall, which officially changed its name from Coinstar Inc. EcoATM operates its own kiosk network focused on accepting used mobile phones, tablets and MP3 players for cash and has positioned itself, coincidentally, as the “Coinstar for used devices.” Some changes underway in the automated retail space: Outerwall, operators of the Coinstar coin-counting kiosks and the Redbox disc and game distribution network, is acquiring ecoATM for $350 million in cash.
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