Apple Announcement Causes Tablet Trade-In Surge, Mass iPad 3 Exodus

  • MORE

Time will tell how popular the newly announced iPad mini and iPad 4 will prove to be in the long run, but in the short term, initial signs point to consumer delight over Apple's decision to offer new hardware for the holidays. Resale rates for previous generation iPads skyrocketed in the wake of Apple's unveiling, with one reseller seeing iPad trade-ins jump more than 1000 percent over normal volumes.

People rushing to swap out their slates before the resale rates plummet contributed to a staggering 1015 percent increase in NextWorth's iPad trade-ins on Tuesday. NextWorth wasn't the only reseller slammed with demand; Gazelle reports that they made more than 140,000 iPad trade-in offers yesterday, which resulted in trade-in volumes more than 700 percent higher than the norm.

Which iPads the masses were handing in may be even more interesting than the sheer volume. Both sites report that around 70 percent of all iPad trade-ins consisted of the Retina-sporting iPad 3, which launched a scant seven months ago. That took even the professionals by surprise.

"Unexpectedly, the most popular model being traded in right now is the iPad 3 32GB with Wi-Fi, which we're attributing to the announcement of a new, 4th generation iPad," Anthony Scarsella, Gazelle's chief gadget officer, told us via email. "Normally the upgrade cycle for the iPad is over 1 year." The announcement of the new and improved iPad 4 so soon after the iPad 3 blindsided everybody, Scarsella went on to say.

The big question, of course, is what those legions intend to do with their newly found cash. Will they plunk it down on an iPad mini or an iPad 4? Given the glut of iPad 3 trade-ins, it's looking like the iPad 4 will be a big mover when it starts shipping on November 2nd.


Add a comment
  • Nick Says:

    @Rotten Apple - sounds like someone is a little mad his mommy and daddy arent buying him an iPad.

  • Rotten Apple Says:

    Idiot Apple fanboys traded-in their new iPad 3s as quickly as they bought them, and are now lining up to give Apple their money for an iPad 4. Suckers born every minute, but there's a huge concentration among Apple fanboys.

  • fren Says:

    I dont get why there are so many people out there that hate Apple's success. As for the lawsuits, I think they are warranted just by the predatory ways Google and Samsung have run their business with Apple. I mean, Google's CEO on Apple's board, and when he leaves, they release a product that looks eerily similar to Apple's iOS? You can't tell me the first few Galaxy phones didn't look very much like iPhones, and even today, smartphones have the same design influences of the iPhone. That is ok, but early on, alot of ideas were ripped off Apple, and they deserve some credit.

  • Carey Says:

    I love it when all these people want to slam Apple and say there are better options out there. Maybe the people buying the ipad's or iphone's looked the the other options and decided that what THEY want is the Apple product. Personally I bought the Samsung Galaxy SII and had problems with it and alsi I didn't care for the whole Android Experience. I already had ipad 1 so I got rid of the Galaxy and switched to iphone 4s. I couldn't be happier and now I also have added ipad 3 to the collection. I will not be trading it in and I won't be buying the mini or the ipad 4, I don't need the newest thing when it comes out, I got the ipad 3 for the camera's to face time, take pics, etc. i keep my original ipad for surfing web, email when I run the battery dead on the other one and when the grandkids come.

  • lee Says:

    the reason you hear about samsung,apple and windows is, they DOMINATE the market by sales.
    If you truly want details, you will find them. The Anti Apple sentiment reminds me of the 'antisuccess/gimmemine'
    attitude of the electorate.

  • Rick Chandler Says:

    I'm just sick of hearing all about Apple and it's products, Microsoft and it's products. That seems to be over 80% of the stories (my guess-timate) on both PCMag's and CNET's emails and websites. I don't want an Ipad. I don't want a Surface tablet and I sure as heck do NOT want Windows 8.

    How about more detail on the 1000's of other companies doing business out there?

    Thank you.

  • Hopefully Says:

    People might realize there are other options out there! The Kindle Fire, Nexus 7 are better options for the price than the iPad mini and the Surface with Office RT is definitely a very good alternative (better one if you need office to get stuff done) to any iPad!

    I'm definitely hopeful customers see the light! :D

Back to top