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The iPhone debuted in 2007 and saw smartphones go from a luxury item to a necessity, with an app for just about every aspect of modern life. Image Credit: Gulf News Archive

The new phones will join some 244 million iPhones sold since the first one launched in 2007. Some have been lost or stolen. Some of us are still hanging on to our old gadgets in some futile attempt to resist the constant upgrade cycle that technology companies are forcing on us.

But it’s fair to say that millions of iPhones are languishing in desk drawers or gathering dust. Here are a few things to do with yours to keep it from meeting that fate once you buy the iPhone 5.

1. Give it to your kids so they stop taking yours...

Every parent, aunt and uncle knows that no toy in the history of toys has ever been as appealing to a kid as an iPhone. They are shiny, they have games and grown-ups use them for important things. More importantly, they are either off-limits or doled out in limited quantities as a reward for, say, sitting still for a minute. Load up your old iPhone with games and give it to a deserving child in your life.

2. ...or to your mom so she can finally see the light

Alternately, if a Luddite adult has been thinking of taking the plunge into the world of smartphones, your old iPhone may help him or her get over the hump. If you have an iPhone 4 or 4S, you might also find someone who’s still hanging on to an earlier model and give them the gift of an upgrade. You may just buy a friend for life (or at least until iPhone 6 comes out).

3. Use it as a teeny-tiny iPad

You’ll be able to watch videos, send email and search Wikipedia for random facts to end cocktail-party disagreements with your decommissioned iPhone - as long as you have a Wi-Fi connection. There’s even a camera, which means you can avoid being that guy (or gal) at the concert who’s turning heads for taking photos with an iPad.

4. Donate to it charity

Several charities accept old phones for donation, though it’s worth remembering that these groups likely won’t physically give your old phones to people in need. Rather, they work with phone recyclers and sell your donated phones to them.

5. Alarm Clock

Do you still use that old radio alarm you bought for your college dorm room in the 20th century? Join the 21st century by turning your old iPhone into an alarm clock. Hide it in a different spot in your bed each night for an added challenge.