New iPads Sink Used Tablet Prices
CREDIT: Shutterstock: Boule
New iPads are now for sale,and if you're thinking of trading in your old tablet for a new one, the time to do it is now. Since the announcement of the iPad 4 and iPad Mini, trade-in prices have plummeted, and could go lower once the holiday buying season kicks into full gear at the end of the month.
"Apple's new product announcement caused a 25-30 percent overall value drop for used iPads in under two weeks," Colin White of electronics trade-in site SellCell told TechNewsDaily. For instance, an iPad 2 64 GB with 3G was listed for $375 prior to the launch, but has dropped to just $275.
Apple iPads are by far the most popular tablets to trade-in, representing 76 percent of the devices handled by SellCell in recent weeks. While that's no surprise, as iPads accounted for nearly 60 percent of all tablets sold in the U.S., the company is also seeing a large number of BlackBerry Playbooks (16 percent of trade-in devices).
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Unfortunately for Playbook owners, these tablets are fetching only 11 percent of their original value at trade-in, compared to 68 percent for the previous generation iPad 16GB WiFi model. Owners of other iPads can expect to recoup at least 21 percent of original value.
But don't wait any longer if you're in the market for a new iPad for yourself or as a gift. "Once December rolls around, we think tablet trade-ins could take another big dive," White said.