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."