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  • Radio Shack Will Offer Trade-Ins on Old Phones


    AppleInsider reports that Radio Shack, which is getting ready to become the next retail outlet for the iPhone in the US, will offer a trade-in program to users of smartphones who wish to upgrade or switch. According to the report, the electronics chain will be the number two retailer in terms of the number of outlets, after giant Walmart.

    New iPhones are sold through Apple, AT&T, Best Buy and Walmart in the United States, and Radio Shack's arrangement to become the fifth retailer to carry the popular phone was viewed by financial analysts as a major coup. When the deal was announced in November, the price of the stock shot up 10%. The company started by selling the phone in stores that it directly owned in the New York City area as well as the Dallas/Fort Worth metropolitan area in Texas. Since January, Radio Shack has added the iPhone in hundreds more franchise stores each week as it works towards a target of three thousand stores nationwide by March 28.

    According to the AppleInsider report, Radio Shack will use a major sales circular that will be distributed with Sunday papers across the United States to announce pricing for the iPhone. If the report is correct, Radio Shack's prices will be lower - but just slightly - than any other US retailer's: $95 for the 8GB iPhone 3G, $195 for the 16GB iPhone 3GS, and $295 for the 32GB iPhone 3GS with the customary 2-year contract. Walmart charges $97, $197 and $297 respectively, while iPhones at Best Buy, AT&T and Apple cost $2 more.

    The most significant difference, however, will be that the Trade-In Program that Radio Shack has for old electronics will also be good for iPhone purchases. The program offers Radio Shack gift cards in exchange for phones, cameras, MP3 players, game consoles, video games, or GPS receivers, with a 16GB iPhone 3GS in decent condition worth as much as $171 in credit. A BlackBerry Bold 9000 could bring in as much as $143, and well-maintained MyTouch 3G and Palm Pre smartphones could be worth up to $120 each.

    The trade-in deals will likely boost Radio Shack's sales, and broaden potential iPhone buyers to current smartphone owners who are ready to switch. AppleInsider's report also says that Radio Shack employees are being offered about double the sales commission for new iPhone activations: up to $30 or more, according to "people familiar with the matter."
    This article was originally published in forum thread: Radio Shack Will Offer Trade-Ins on Old Phones started by Paul Daniel Ash View original post
    Comments 32 Comments
    1. GellBrake'rrrr's Avatar
      GellBrake'rrrr -
      Quote from shadow25
      Whoever trades in a decent condition 3GS for $171 isn't too bright.. A decent 2G will get $171, 3GS should fetch almost $400
      no the credit for a 3gS is correct... thats what these phones are worth anyway.. apple is just so greedy and jacks up their prices.. so yea giving even that much for the phone is plenty...

      Do some research on eBay/craigslist before you comment on something in dollar amounts and such. Who are you say what it's worth? What it's worth is what people are willing to pay... Check it out.

      Oh yeah, and by the way... Do you have any apple devices you'd like to sell me??? I'd make out like a bandit!! 
    1. mavrik101's Avatar
      mavrik101 -
      kiphone,

      No they have not been doing this forever. Ive have a friend that has been working for Radioshack for 5 years, and this hasnt even started yet. He said March 1st.

      And no way I'd trade in a 3gs for $171. CAnt touch a decent one for that price on Craigslist or Ebay.
    1. nypunk's Avatar
      nypunk -
      Yep eBay is the way to go when I got my 3gs I sold my unlocked 3g for $425 with the wear and tear it had... It's just a matter of getting the right buyer from the right place (back then was china) I acutally saw a 3g going for like $360 (24 bids) about 3-4 days ago
    1. khiphone3g's Avatar
      khiphone3g -
      Quote Originally Posted by mavrik101 View Post
      kiphone,

      No they have not been doing this forever. Ive have a friend that has been working for Radioshack for 5 years, and this hasnt even started yet. He said March 1st.

      And no way I'd trade in a 3gs for $171. CAnt touch a decent one for that price on Craigslist or Ebay.
      I am working for RadioShack and I have been working for RadioShack since 2008. I helped building 3 stores in DFW. The company which takes these trade-ins is CE Exchange. Because I work for them, I know why your friend told you so because many of the store managers don't even know about this program or bother to learn how to do it. RadioShack has one of the worst employee turnover ratio, and no one bother to learn anything. That is why RadioShack's executives are exploring options to sell the company or merge with someone. Radioshack explores possible sale of company and share buyback - NYPOST.com. Here CE Exchange's website and that is what is in RadioShack's system to value the price of the phone.Welcome to CEXCHANGE!
      Usually CDMA gets you more money, don't ask me why.
    1. stash459's Avatar
      stash459 -
      iPhone 8GB, iPhone 3G, iPhone 3Gs since day one all brand new like i just took it out the box lol... trust me when i say all my iphone in good condition... never will sell them why?? cause is going to be hard to find couple of years from now... specially iphone 8GB silverblack...but that's just my opinion.... oh yeah and if we still be alive in 2012....???
    1. M4tt Dam0n's Avatar
      M4tt Dam0n -
      I would be able to sell my 3GS for at leaast $400. Selling your old stuff to stores is not the brightest idea. They buy it super cheap from you and make tons of profit afterward.
    1. sziklassy's Avatar
      sziklassy -
      Quote Originally Posted by Effenpig! View Post
      Believe it not, to some people taking the time to sell the old phone is not worth it.
      Oh I believe it. It largely depends on where you are in life. If you are making $100k+ per years versus my measly $10-15 while in school, it is much easier to justify a relatively small loss of cash in order to upgrade your phone.

      Quote Originally Posted by stash459 View Post
      iPhone 8GB, iPhone 3G, iPhone 3Gs since day one all brand new like i just took it out the box lol... trust me when i say all my iphone in good condition... never will sell them why?? cause is going to be hard to find couple of years from now... specially iphone 8GB silverblack...but that's just my opinion.... oh yeah and if we still be alive in 2012....???
      Perhaps, but I doubt the value will go up unless they are still sealed in box. Like new condition matters not, at least to a collector (and those are the people who are willing to drop tons of money on things like this) There were just too many produced to make them keep their value 10-15 years from now.
    1. lolcats1's Avatar
      lolcats1 -
      Quote Originally Posted by khiphone3g View Post
      They've been doing this forever. This is not new.
    1. Luppin's Avatar
      Luppin -
      I really torn on what to do with my 3GS when the new iPhone comes out. I gave my 16GB 3G to my mom when I bought my 3GS so I figured I was gonna pass on my 3GS to my dad, but after seeing the enormous price these things are selling for ($450-550) I might just sell it to cover the cost of the new one.
    1. GellBrake'rrrr's Avatar
      GellBrake'rrrr -
      You could just listen to this guy... He seems pretty intelligent!!!
      Vathgol Posts: 26
      Quote from shadow25
      Whoever trades in a decent condition 3GS for $171 isn't too bright.. A decent 2G will get $171, 3GS should fetch almost $400
      no the credit for a 3gS is correct... thats what these phones are worth anyway.. apple is just so greedy and jacks up their prices.. so yea giving even that much for the phone is plenty...

      It doesn't seem to me like a very hard decision! Make a couple hundred bucks, or loose a couple hundred bucks... I'm no rocket scientist but I seem to lean towards the first option.
    1. BrandonHacks1's Avatar
      BrandonHacks1 -
      Quote Originally Posted by khiphone3g View Post
      They've been doing this forever. This is not new.
      Yep they have!
    1. Effenpig!'s Avatar
      Effenpig! -
      I sure hope they run the numbers on these trade-INS, make sure they're not stolen !!!