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iPad Resales Jump 700-1000% Alongside Apple's Media Event

MarketWatch reports that sites specializing in gadget resales saw tremendous spikes in iPad interest yesterday, with resale submissions rising 700-1000% as Apple was announcing the fourth-generation iPad and the new iPad mini.
Some 140,000 devices were put up for sale on Gazelle.com Tuesday – a 700% spike from the day before, says Anthony Scarsella, chief gadget officer at the site. Half of that increase occurred in the hours just before the announcement, he says – and the most common model put up for sale was the “new iPad” released just six months ago. Another resale site, NextWorth.com , reported that trade-ins for iPads rose over 1,000% on Tuesday.
Despite the fact that the new models are not launching until November 2, with cellular-capable models coming several weeks later, it seems that users already moving to unload their current devices in order to purchase the new latest models. According to the report, nearly 70% of resale submissions are for the third-generation iPad, with the 32 GB Wi-Fi model currently registering as the most popular resale at Gazelle.


For third-generation Wi-Fi iPads in "flawless" condition, Gazelle is currently offering $250/$300/$350 for the various capacities, giving consumers a substantial amount of money toward the purchase of one of the new models. Gazelle's offers are locked in for 30 days, allowing consumers submitting their resales now time to get at least a Wi-Fi model of either the fourth-generation iPad or new iPad mini before having to send back their current device. The flood of new offers is, however, likely to drive resale offer prices down as the sites seek to balance their stocks.

Note: Gazelle is presently an advertiser on MacRumors.

Related roundup: iPad Air 2

Top Rated Comments

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28 months ago
i can't believe how dumb people are
Rating: 43 Votes
28 months ago
what's the point? it's ludicrous. its insane to see how people became obsessed with these spec bumps and how easily they trade their money just for a minor change. the damn thing is just as good as it was 5 months ago. god sake... grow up
Rating: 38 Votes
28 months ago
Some people must have the latest all the time and only idiots would sell through sites like Gazelle. :facepalm: :D
Rating: 26 Votes
28 months ago
I simply MUST have this -- new new -- iPad.

Thumb resize.
Rating: 22 Votes
28 months ago

Some people must have the latest all the time and only idiots would sell through sites like Gazelle. :facepalm: :D

The idiots are posters who think they know better:)
Rating: 14 Votes
28 months ago
Coming from a 3rd gen iPad owner, the 4th gen isn't a big enough of a jump to go one generation. From 2nd or 1st gen, I can understand, but hard to justify (from Gazelle) losing 50% of your 3rd gen iPad's value in 8 months...
Rating: 11 Votes
28 months ago
Gazelle Blows.
Rating: 11 Votes
28 months ago
$250? Not bad, not bad at all.

In all seriousness, these products have had a short lifecycle in terms of being on the market, but really, why would you give away something that works perfectly fine for half of the price?

One of the great things about (most) Apple products is that they stand the test of time and pay for themselves.
Rating: 10 Votes
28 months ago

You know I've upgraded at all 3 iPad launches, but now they're just refreshing the iPad too soon. I'm going to sit this one out. What happens when the complete refresh rather than the spec bump hits this spring? Everyone that upgrades now will feel cheated In the spring. This upgrade its too soon IMO.


My theory has been that they needed to do this once to fix the release schedule. Apple has placed themselves in a bind with the iPad and iPhone releases being about 6-7 months apart. They can't make a revolutionary change to either without giving away the big surprise for the other, and they can't make a huge change that effects the way the devices are expected to run apps when they're both expected to run mostly the same applications and sit months apart on release cycles. This is something I've been waiting for Apple to just make a leap like this to fix.
Rating: 8 Votes
28 months ago
This is seriously insane...I'm speechless.
Rating: 6 Votes

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