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  • iPhone Trade-ins Explode Following iPhone 5S Debut


    Not surprisingly, a large number of iPhone owners are looking to trade-in their older models for cash. But just how many smartphone owners are doing that is somewhat surprising.

    In fact, according to the folks at Gazelle, a hugely popular trade-in service, iPhone trade-ins for the month of September exploded. Making it more impressive is the fact that iPhone trade-ins through Gazelle have been strong even though Apple itself - not to mention several of its top retail partners - now offer a trade-in program of their own.

    The company told our friends at Apple Insider that iPhone trade-ins for cash payouts this month popped 53% (when compared to September 2012's iPhone 5 launch). Even more mind-blowing, trade-ins rose eighteenfold over the October 2011 launch of the iPhone 4S.

    To be clear, however, more than just iPhones were traded-in last month. "Our higher trade-in values show an increase of new devices like the... Samsung Galaxy S III and S4," says Gazelle's Chief Gadget Officer Anthony Scarsella, "indicating consumers see the iPhone 5s as a worthy upgrade."

    Source: AppleInsider
    This article was originally published in forum thread: iPhone Trade-ins Explode Following iPhone 5S Debut started by Michael Essany View original post
    Comments 33 Comments
    1. holyshnikes's Avatar
      holyshnikes -
      Quote Originally Posted by jose060789 View Post
      How much money can I get for a like-new (no scratches or scuffs at all) custom red (back, front, & home button are completely red), permanently unlocked, iPhone 4, 32GB running iOS 7.0.2 if I sell it on Craigslist? I really want to upgrade as well to the iPhone 5s.
      Craigslist is hit or miss sometimes. I'd suggest some ebay watching to find out what the price is going for and offering yours for one comparable.

      Also, I remember way back selling my iPhone 3GS for $650 to someone in Canada. It was JB and unlocked. Good times. I bought the 4s with that money for $400. So I pocketed $250. Crazy. I just sold that same 4s for $305 and bought the 5s for $400. Guess I lost a bit huh? Lol
    1. rkswat's Avatar
      rkswat -
      Quote Originally Posted by Venom1234 View Post
      Have fun getting screwed in signing a contract.
      I don't plan on leaving att so how is it im getting "screwed"? I'd pay the same paying full price for my phone so may as well let them subsidize a bit of the cost for me..... as far as "trading" in a phone.... SUCKERS!!!! You're getting ripped off and happily doing it.
    1. JazJon's Avatar
      JazJon -
      These trade in deals are a joke. Nothing beats eBay for selling last years iPhone model at top dollar. I always help my friends sell theirs as well.
    1. russian711's Avatar
      russian711 -
      Yah eBay is not bad, but their fees are outrageous lately. recently sold my iPhone 5 64gb for $400 and got hit with $80 in eBay plus Paypal fees.
    1. BhadKarma's Avatar
      BhadKarma -
      Ill be able to sell the iPhone 4. For 150-200$ ....

      Ill be re signing my contract. Which isn't anything now adays. Ill be paying some jack off monthly period. All the same prices, same plans.... Just cheaper phone price... With my John Hancock saying ill stay for 2-3 years...
    1. javiert30's Avatar
      javiert30 -
      Quote Originally Posted by JazJon View Post
      These trade in deals are a joke. Nothing beats eBay for selling last years iPhone model at top dollar. I always help my friends sell theirs as well.
      Very true... I sold my iPhone 5 16Gb factory unlocked and UDID registered for $435
    1. offroad1994's Avatar
      offroad1994 -
      Not a single comment about paying off your contract to close your existing outstanding contract cost ? Lets say your payoff is $350 to close your verizon obligation, and you sell your iPhone 5 for $300. Your net out of pocket is $50. Then you
      Need to go get a new phone and contact for $199. So your GRAND TOTAL is $250 for your new iPhone 5s.
    1. thazsar's Avatar
      thazsar -
      Quote Originally Posted by offroad1994 View Post
      Not a single comment about paying off your contract to close your existing outstanding contract cost ? Lets say your payoff is $350 to close your verizon obligation, and you sell your iPhone 5 for $300. Your net out of pocket is $50. Then you
      Need to go get a new phone and contact for $199. So your GRAND TOTAL is $250 for your new iPhone 5s.
      Why would we be paying off our contract?
    1. Carvensno's Avatar
      Carvensno -
      Quote Originally Posted by thazsar View Post
      Why would we be paying off our contract?
      BINGO!!! Lol that's what's nice about having more than 1 line. Use the other lines upgrades but use the device under your number. Just let the other lines contracts end.

      This year was my line that was able to upgrade. Next year will be the other line. Just go back and forth. No need to spend money for ETF(Early Termination Fee)
    1. NewdestinyX's Avatar
      NewdestinyX -
      Quote Originally Posted by russian711 View Post
      Yah eBay is not bad, but their fees are outrageous lately. recently sold my iPhone 5 64gb for $400 and got hit with $80 in eBay plus Paypal fees.
      That's wrong. You must have owed eBay fees for other sales. Or tariffs if you're non US.. total fees to eBay and PayPal on a $400 sale should have come out to under $40.

      Quote Originally Posted by thazsar View Post

      What I've noticed, now, is that locked vs. unlocked doesn't make a difference anymore for resell. A year ago, it mattered; today, it doesn't. So, the haters can go ahead and enjoy paying full price for their unlocked phones! You're the ones taking a loss annually!!!
      Well as I mentioned to you, I think, in a PM recently and to others I've chatted with about the same topic - it DOES matter --> the difference between LOCKED and UNLOCKED, to a WELL-INFORMED eBAY buyer.. I got myself in trouble - when an UNLOCK got RE-LOCKED a few months ago.. My buyer was ANGRY that he'd paid the UNLOCK price point for a LOCKED phone. When a person buys a LOCKED phone - they have to get it unlocked from AT&T and they give your eBAY BUYER the run around and it's a giant hassle.

      BACK BEFORE it was 'illegal' to unlock an in-contract phone - people would do what they call 'burn an updgrade' and make a nice little profit on the phone selling on eBAY but the UNDERSTANDING ALWAYS is - that for the 'higher price point 'on eBAY you BETTER be deliviering me an UNLOCKED, out-of-contract phone.

      So you guys who are 'getting away with it' - selling a LOCKED phone, IN CONTRACT (or out of contract for that matter) for THE HIGHER price point - -you're only getting away with it because some 'non-US' customer who can barely understand English.. is not understanding what they're getting.

      I know of THREE cases with friends of mine - that EVEN when they explained in the Description that it was LOCKED - got a NEGATIVE feedback on eBAY and eBAY sided with the BUYER after the buyer complained that they were overcharged for the item they thought they were getting.

      So beware.. Don't get greedy.. The only way you should be asking for the $450 and higher price point for an iPhone 5 is when it's out of contract and unlocked upon arrival to your buyer.
    1. offroad1994's Avatar
      offroad1994 -
      How do you create two lines at no cost to avoid early termination fee? Yes you are not canceling your contract. But you still need to sell your other iPhone. And you can't clear that iPhone for someone else to use if its on your account.
    1. thazsar's Avatar
      thazsar -
      @Newdestiny
      I'm still on the fence about the locked vs unlocked argument. I, JUST NOW, sold another ip4 I had. I listed it at 6:30p Pacific w/ a Buy It Now of $150. At 6:31p it was sold! In the TITLE and DESCRIPTION it says AT&T and states that I can unlock it for them if they choose. The buyer CLEARLY understands that the device is locked to AT&T, yet, still chooses to buy it.

      As we've discussed, privately, I don't think I would've gotten any extra cash if it was already unlocked. Check unlocked 16GB iPhone 4(s) and compare pricing to locked iPhone 4(s); I doubt you'll see a difference.

      As long as I put this info in the description, I'm not 'tricking' the buyer into anything.

      Quote Originally Posted by offroad1994 View Post
      How do you create two lines at no cost to avoid early termination fee? Yes you are not canceling your contract. But you still need to sell your other iPhone. And you can't clear that iPhone for someone else to use if its on your account.
      You can't create two lines at no cost. The extra line costs $10/month (AT&T). BUT, you can go back later and show that the other line isn't using a Data Plan and AT&T will drop that from your bill!!! At least, that's what I've done in the past.
    1. WHUDS's Avatar
      WHUDS -
      I had an Iphone 4, Keeping it as back up and bought a 5 for $49 2 year contract, convinced At&t to credit the activation on that upgrade plus my Wife's 5c activation and then they gave me an additional credit on a couple other fees, total was $109 off the Bill and then Best Buy is sending a $50 gift card for Wife's $99 5c............ So I spent about $98 in the end for a New 5 and 5c Plus I have my 4 as back up ( I will use it when Camping) and my wife's 4 is going to our son in law who has a 3gs.
      I have been with At&t since Cingular bought them and have family plan (4 Iphones). I still have grandfathered Unlimited data.