.This may cause excessive consumerism and there by the development of a throw away culture,which tendpersuades people to buy new devices by trashing or replacingdiscardingtheir old one'sold goods .
I wish if you had stated your opinion in the introduction itself. It helps your examiner to follow your essay in your desired direction. If you take a moderate stance, you can still express it ;
I believe this trend has both positive and negative impacts on the society.One anotherother major advantage of this culture is that,whichit helps to avoid certain negative impacts ofon the products of older version products .
... pay attention to the grammar mistakes you made here. I suggest the word "older" because you are doing an indirect comparison of newer and older products.
On the drawbacks side,
.... I suggest the following phrases in place of this;
As for the disadvantages/ The drawbacks of this trend