Various media sites claimed apple recycled $40 million worth of gold from iphones, they were dead wrong.
What actually happened is that Apple is under statutury obligation to recycle a certain weight of e-waste depending on it market share or weight of electronics sold (depending on state laws). The e-waste doesn't have to be of the manufacturers own products.
Apple paid third party recyclers to recycle mostly CRT's and PC's (iphone have hardly any gold and are much more valuable refurbished, In fact, phones and tablets often don’t count toward the overall recycling requirements in many state laws.) and probably incured a loss rather than a 40 million windfall as claimed in news articles.
Original Article: 1500 words (~8 minute read) Summary: 114 words (less than a minute)
The articles goes in to some more detail and analyzes the mandatory recycling laws deeper as well. There is also some commentary of how many other sites got it very wrong and overview of the e-waste recycling industry. Reading recomended if you want gain more knowledge on this.
If you'd like such summaries for all articles before you read them check out: https://news.ycombinator.com/item?id=11535695