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iPad resales surge over 1000%

“As soon as Apple unveiled the iPad mini Tuesday, the first thing many consumers did was sell their old iPads,” Quentin Fottrell reports for MarketWatch.

“Two major resale sites reported eye-popping surges in business in the run-up to the iPad Mini launch,” Fottrell reports. “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.”

Fottrell reports, “Another resale site, NextWorth.com , reported that trade-ins for iPads rose over 1,000% on Tuesday. (Nextworth declined to release actual numbers.) Gazelle and Nextworth are two of the biggest reselling portals, but industry experts say they represent only a small percentage of total trade-in traffic.”

Read more in the full article here.

[Thanks to MacDailyNews Reader “David E.” for the heads up.]

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