Get All Access for $5/mo

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

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

Business News

Looking for a Remote Job? Here Are the Most In-Demand Skills to Have on Your Resume, According to Employers.

Employers are looking for interpersonal skills like teamwork as well as specific coding skills.

Starting a Business

After Curing Her Debilitating Pain With Traditional Chinese Medicine, She Started a Business to Deliver Ancient Treatments With Modern Tech: 'You Saved My Life.'

Founder and CEO Camilla Sievers shares the inspiration and growth story of Qi Health, a digital health platform focused on providing women access to TCM treatments.

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.

Business News

Video: SpaceX Is Launching Starship's Sixth Test Flight—Watch the Lift Off and Catch Attempt Live

President-elect Donald Trump is expected to attend SpaceX's sixth test flight of its Starship rocket on Tuesday.

Franchise

Private Equity Giant Blackstone Acquires Jersey Mike's Subs for $8 Billion

This move solidifies Blackstone's ongoing interest in high-growth, fast-casual franchises and marks a pivotal moment for the beloved sub chain.