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New iPad 4/iPad Mini Released: iPad 2/3 Resale Rise to 700-1000%

MarketWatch reports that with the release of new iPad 4 and iPad mini the resale rate of iPad 2 and iPad 3 has risen to an astonishing figure of 700-1000%. The site claimed this all on the basis of the data it collected by various sites specializing in gadget resales.

ipad mini-apple

Apple 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.

Besides the fact that new iPad 4 & iPad mini models are not available for shipping till the coming November, the anticipation among the Apple fans has been started as the sales of previous iPads have just been boosted. Accordingly, the most popular product for re-sale is the iPad 3 with the 32 GB Wi-Fi model on the top.

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