Apple just struck $40M worth of gold...literally

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iPhone recycling is Apple's latest gold mine

Looks like 2,204 is the magic number for Apple. Or 40 million, depending on which way you want to look at it.

Apple announced in its annual report that last year, they recovered 2,204 pounds (yes, more than a ton) of gold from recycled and broken products.

The total value of that gold is estimated to be about $40M.

And no, it wasn't from thousands of iPhone users hiding gold inside the crevices of their gadgets.

Take a look at the 11 best moments that Apple's ever had on stage:

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The 11 greatest moments Apple's ever had on stage
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Apple just struck $40M worth of gold...literally

1. When Jobs returned to Apple in 1997, the crowd erupted with applause and cheer as he walked back on stage for the first time.

(Photo via YouTube)

2. The introduction of the first iMac was a milestone for Apple. It was the first computer that seemed cool and not focused on the enterprise. The crowd ate it up.

(Photo via YouTube)

3. The crowd went nuts when Jobs demonstrated how WiFi works back in 1999.

(Photo via YouTube)

4. Jobs showed the world the iPod for the first time at an intimate event in 2001.

(Photo via YouTube)

5. Conference attendees went ballistic when apple unveiled the iPhone in 2007.

(Photo via YouTube)

6. He even prank called Starbucks on stage and ordered 4000 lattes to show how well phone calls worked on the iPhone.

(Photo via YouTube)

7. Apple debuted the iPad in 2010 at half the price most people expected.

(Photo via YouTube)

8. One of Jobs' most memorable "one more thing" announcements was the first Facetime demo in 2010.

(Photo via YouTube)

9. Jobs perfectly summed up the company's approach to mobile with a simple image of a street sign.

(Photo via YouTube)

10. Apple CEO Tim Cook used Jobs' famous "one more thing" line for the first time when he unveiled the Apple Watch.

(Photo via YouTube)

11. When Apple bought Beats Electronics for $3 billion last year, Dr. Dre and renowned record executive Jimmy Lovine were brought on as official Apple employees.

(Photo by Andy Kropa/Invision/AP, File)

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Gold is often used in electronic products because it's both non-corrosive (on a higher level than silver and copper) and is a great energy conductor.

Apple also stated that it collected three million pounds of copper and 6,600 pounds of silver, both much higher quantities than the amount of gold they collected.

Don't let this fool you though. CNN reports that gold is currently trading at over $1K per troy ounce. Out of all the materials Apple recycled (including 23 million pounds of steel and 13 million pounds of plastic), gold was among the most valuable.

SEE ALSO: Here's why it would be a bad idea for Apple to build a $75,000 luxury car (tsla)

The recent initiatives by Apple to recycle as many damaged and used products as possible are an attempt to salvage and reuse the precious materials still contained in the devices.

In its Environmental​ Responsibility Report, the company stated:

'We work hard to keep electronic devices out of landfills so that the precious resources they contain can be reused...and we want to ensure that these devices are recycled properly so they don't pose a threat to human health or the environment."

Cheers to Apple for taking a step toward using renewable resources.

And if the company needs anyone need anyone to cash in on all that gold, we're totally available!

Now, check out this drone that's controlled by an Apple watch:

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Drone controlled by Apple Watch
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Apple just struck $40M worth of gold...literally
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