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iPad Trade-Ins Rise 1,000 Percent After iPad Mini Unveiling

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.

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  • obiown77
    fact! over 20% of toms latest news articles are apple related.

    lets boycott apple posts! After this one of course.
    Reply
  • superblahman123
    So that couldn't possibly have anything to do with the Windows 8 release tomorrow, right?

    I'm not saying that Windows 8 is the reason for this, but to attribute it to only the iPad news while ignoring other emerging markets may be a tad short-sighted...
    Reply
  • superblahman123
    obiown77fact! over 20% of toms latest news articles are apple related.lets boycott apple posts! After this one of course.
    And what's the percentage of Windows 8 news coming out?... I'd bet more than 20%...

    My point is, so what? Tech news is tech news. If you want a filter, go to the manufacturer website for news.
    Reply
  • bllue
    It's crazy how iSheep like to get ripped off TWICE lol. Once by crApple and once by these trade in sites. The low level of intelligence from this species is shocking
    Reply
  • murzar
    *ahem* Win 8 *hint hint* *ahem*
    Reply
  • sliem
    Why did they release a new product in such a short time? That's nuts. The next medium-sized iPad may be released in 5 months, with yet a new connector dubbed "Thunder Connector" costs only $45 and is not compatible with any other connectors even the "Lightning Connector."
    Reply
  • voodoobunny
    Hands up everyone who's trading in their iPad for a Surface. Ummm.... anyone? Anyone? No?

    Seriously, if it's a choice between an unproven tablet with 720p and a well-established powerhouse with industry-leading design, hardware that redefines the entire industry and by far the best ecosystem of apps and accessories ... is it even a choice?
    Reply
  • blakbird24
    voodoobunnySeriously, if it's a choice between an unproven tablet with 720p and a well-established powerhouse with industry-leading design, hardware that redefines the entire industry and by far the best ecosystem of apps and accessories ... is it even a choice?
    My entire company is ditching iPad 2's for Surface RT's and Pro's (once they're out). For us, it's a choice between a Windows tablet that's fully compatible with our existing infrastructure right out of the box and a 10" screen iPod who's processor can't even drive 1080p video on it's unnecessarily-high-resolution-but-poor-color-rendition screen. As my company's system admin, i'm very much looking forward to the day that I no longer have to delete and re-add a user's company mail account due to sync issues, and can finally view the entire internet, instead of just 30% of it.

    The iPad is a toy for consumers. The Surface is for people who actually want to accomplish stuff.
    Reply
  • shmung
    superblahman123And what's the percentage of Windows 8 news coming out?... I'd bet more than 20%...My point is, so what? Tech news is tech news. If you want a filter, go to the manufacturer website for news.

    Actually i was bored and i counted Im sure my numbers were off because i didn't read every title i just skimmed

    there are 18 articles about apple vs 13 total about microsoft and only 6 of those have to do with windows 8 one is the lumia 510 running windows phone 7 and the other is Google passing Microsoft in operating system market share the rest i just random Microsoft stuff

    I also haven't seen one mention of the surface that a lot of other reviewers put out reviews for yesterday

    Reply
  • ivanto
    Percentage changes without actual numbers are usually subtle lies.
    They get 2 iPad replacements per day, the next day they got 10, so it's a 1000% jump. It's true but meaningless.
    What are the actual numbers of a period of time?
    -IvanTO
    Reply