📺 Stream EntrepreneurTV for Free 📺

Why Some Smart Business Moguls Still Use 'Dumb Phones' Forget about the latest iPhone or Samsung device. The Nokia 6310, discontinued more than six years ago, is the phone of the elite.

By Brian Patrick Eha

entrepreneur daily

Opinions expressed by Entrepreneur contributors are their own.

ultratechtalk.com

When it comes to consumer technology, many people are used to coveting the newest and shiniest gadget. So it may come as a surprise that a number of top executives and dealmakers are still clinging to ancient mobile phones.

Of these outmoded mobiles, one stands out as the clear favorite. By all appearances, it's the Nokia 6310, a model that was discontinued more than six years ago. Among its devotees, according to the Financial Times, are Martin Schulz, the president of the European Union's parliament; retail mogul Philip Green; and Julian Dunkerton, chief executive of clothing company SuperGroup, which is publicly traded on the London Stock Exchange and has a market capitalization of more than $1.6 billion.

Why would global leaders hang on to obsolete technology, especially in the high-flying, status-conscious set they move in?

For one thing, old Nokias were built to last: They are hard to damage (no touchscreen to worry about) and have a long battery life. Also, being less connected can actually be an advantage, improving your focus on what's important. With the Nokia 6310, "I'm not bombarded with emails every minute, allowing me to deal with the crucial stuff," Dunkerton told the FT.

And it turns out, an old "dumb phone" can actually serve as a status symbol. It signals to associates that you can't be bothered to check email every 10 minutes. Other people actually like the retro aesthetics.

If you feel the urge to go back to the future, you would do well to check online marketplaces. A search of eBay turns up a number of Nokia 6310 phones for sale, with "buy it now" prices ranging from $44 to $64. Not a bad price for a decent phone -- and a little bit of history.

Related: 5 Simple Steps to Be a Super-Confident Leader

Brian Patrick Eha is a freelance journalist and former assistant editor at Entrepreneur.com. He is writing a book about the global phenomenon of Bitcoin for Portfolio, an imprint of Penguin Random House. It will be published in 2015.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Franchise

Franchising Is Not For Everyone. Explore These Lucrative Alternatives to Expand Your Business.

Not every business can be franchised, nor should it. While franchising can be the right growth vehicle for someone with an established brand and proven concept that's ripe for growth, there are other options available for business owners.

Business News

Passengers Are Now Entitled to a Full Cash Refund for Canceled Flights, 'Significant' Delays

The U.S. Department of Transportation announced new rules for commercial passengers on Wednesday.

Business News

Elon Musk Tells Investors Cheaper Tesla Electric Cars Should Arrive Ahead of Schedule

On an earnings call, Musk told shareholders that Tesla could start producing new, affordable electric cars earlier than expected.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Leadership

Why Companies Should Prioritize Emotional Intelligence Training Alongside AI Implementation

Emotional intelligence is just as important as artificial intelligence, and we need it now more than ever.