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Tablet trade-ins spike as 'iPad Mini' event nears

Gregg Keizer | Oct. 23, 2012
Even before Apple sent invitations for the Tuesday launch event where it will likely unveil a smaller iPad, consumers were unloading their old tablets so they can trade up to Apple's latest, according to gadget buy-back firm Gazelle.

Glyde's business model is different than Gazelle's or NextWorth's, which buy electronics devices -- mostly smartphones and tablets -- from consumers then resell them on Amazon and eBay, or to wholesalers. Instead, Glyde serves as an intermediary between sellers and buyers, and takes a cut of all sales.

Glyde's suggested selling price for a 16GB first-generation, Wi-Fi iPad today was $200, with the seller getting $176.50 of that.

Other tablet owners are listing their hardware on the site, too, said David Pederson, a spokesman for the company. "Inquiries for all other tablets -- Kindles, Nexus 7, Nook, and so on -- were up 35% [last week] versus the week before," said Pederson in an email reply to questions. "Google's Nexus 7 saw the biggest gains with a 300% increase in inquiries."

The Nexus 7, which Google rolled out last June, is a 7-in. device priced at $199.

Nexus 7 owners, however, may not be selling their tablets to buy an iPad Mini, but in the expectation that Google will take the wraps off new models of the diminutive tablet, as well as a larger 10-in. device reportedly made by Samsung.

The escalation in trade-in activity prior to Tuesday's event has been much less pronounced than seven months ago, when owners stampeded to sites like Gazelle and NextWorth to dump their older iPads before the launch of the Retina-equipped "new" iPad, called "iPad 3" by many, if not Apple.

Then, Gazelle reported a 500% increase in quote requests compared to the month before.

Tomorrow's Apple event, which will take place in San Jose's California Theater, begins at 10 a.m. PT.



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