The new Nokia - the N8 - is due to be released on October 1st, after a long wait for many Nokia users who have seen the date pushed back many times this year. The latest smartphone from the company and one which promises to make a big impression as it has the capability of working just like a portable TV.

Although being able to do all the things that we expect from smartphones today, not least making calls and accessing the internet, it also allows users to watch television in real time on its large display - but not via the internet. Unlike most smartphones on the market today, it doesn't require an internet connection in order for you to catch up on TV shows and sporting events - instead, it utilises a Nokia Symbian 3 headset and Digital Video Broadband-Headset (DVB-H) coverage to receive information. This should save loads of battery life, not to mention the hefty 3G data charges which are associated with streaming video over the internet.

With the launch of the N8 next month, there will doubtless be hundreds of old phones left no longer needed collecting dust, but these don't have to go to waste: users can recycle their old phones for up to £150, and earn some cash to help pay for their new handset.

Websites like Compare and Recycle lists a number of companies that will recycle and refurbish old phones to be given to charities, sold in third world countries or reused for parts. A recent study by the International Data Corporation (IDC) found that Nokia is one of the top five manufacturers for green practices, as most of its parts can be recycled.

Besides benefiting the environment and saving resources, recycling also pays. The Nokia 1600 is worth an average of £120 on some of these sites, whereas the Nokia XpressMusic can bring in over £70. Making a fair sum on these unwanted phones makes upgrading to brand new N8 seem like reasonable choice, even if it is expected to cost around £300.

Mobile phone recycling is a great way for you to not only save up some cash but help to save the environment too.