iPad Trade-Ins Rise 1,000 Percent After iPad Mini Unveiling
Follows iPad 4 and iPad Mini announcement.
After Apple announced a fourth-generation iPad and the iPad Mini, the cash trade-ins for past models of the tablet have jumped 1,000 percent.
Trade-in site NextWorth said it experienced an unprecedented 1,015 percent increase in iPad trade-ins yesterday following Apple's unveiling of a new iPad. While it didn't divulge how many iPads that translates to, it shouldn't come as too much of a surprise due to the third-generation iPad releasing just six months ago.
Elsewhere, another trade-in site, Gazelle.com, confirmed trade-ins jumped 700 percent today, representing a 450 percent increase from Apple's media event. Seventy percent of the trade-ins were attributed to the third-generation iPad.
The iPad Mini and fourth-generation iPad 4, which features a Retina display and the new Apple A6X chip, are both due for a November 2 launch.