It seems that Apple (AAPL) fans are pretty intrigued by the iPad mini. MarketWatch reports that “two major resale sites reported eye-popping surges in business in the run-up to the iPad Mini launch” as Gazelle.com said that resales of iPads on its website surged by 700% on Tuesday while NextWorth.com “reported that trade-ins for iPads rose over 1,000% on Tuesday.” What makes these numbers particularly surprising is that Gazelle and NextWorth both estimate that around 70% of Tuesday’s resales were of third-generation iPads, which Gazelle says can still fetch up to $495 from interested buyers. Gazelle chief gadget officer Anthony Scarsella told MarketWatch that some users are planning to sell their old iPads at maximum price and then pay $329 for the iPad mini, thus netting them a profit of roughly $170.
iPad resales spike by at least 700% during iPad mini event
Published Oct 24th, 2012 5:01PM EDT
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Brad Reed has written about technology for over eight years at BGR.com and Network World. Prior to that, he wrote freelance stories for political publications such as AlterNet and the American Prospect. He has a Master's Degree in Business and Economics Journalism from Boston University.
