I came across this expression recently, “new old stock”.
Apparently it means that something was made or manufactured some time ago but was never sold and is technically still classed as new.
I found this expression confusing, like an oxymoron. How can something be both new and old? In this particular instance the item was an electronic device that had been manufactured a year ago, placed in storage, and was never sold. So technically it is still new, mint, boxed, etc. However the firmware was out-of-date and needed updating. So if the item is taken out of its box and the firmware is updated, is it still new old stock or is that technically refurbished?
What if some electronic specification or industry standard had changed since the item was manufactured and a part was changed. Is it then still new old stock or is it now reconditioned, or refurbished?
I used to know a freelancer who worked for DELL as a field engineer repairing laptops. DELL would ship a load of parts for laptop models still in warranty so that the engineers always had what they needed in stock. When certain models became out of warranty DELL did not want the spares back so these engineers would sell the parts online for extra cash advertising them as new old stock or like new.
I find it interesting how we define an item’s value in terms of how old it is and how much, if any, use it has had. Bare in mind that something that has been in storage for a long time does not necessarily equate to something that is as good as something manufactured yesterday. I’ve known electronic devices that have been in storage for months and even years to revert back to factory defaults, to have corrupt memory, or for the battery to completely drain, or leak, to the point that it is no longer fit for purpose.
When considering purchasing new old stock it’s worth considering how much time is represented by the “old”. How long has it sat on a shelf? Both new and old are parameters of time. Consider the difference between the new (date of manufacture) and old (today’s date).
When does it get classed as refurbished? When it is taken out of the box and refreshed with new software? Is that classed as still new?