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Thread: iPhone Trade-ins Explode Following iPhone 5S Debut

  1. #1
    MMi Staff Writer Michael Essany's Avatar
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    Default 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

  2. #2
    I traded in my iPhone 5 with Game Stop for $355. After buying the 5S for $299 I had walking away money, so I can not complain.

  3. #3
    Quote Originally Posted by CptPalmer View Post
    I traded in my iPhone 5 with Game Stop for $355. After buying the 5S for $299 I had walking away money, so I can not complain.
    Have fun getting screwed in signing a contract.

  4. #4
    Livin the iPhone Life Carvensno's Avatar
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    Ya sold mine for $410.00. Not worried about a contract either. Have multiple phones on my account and don't get upgraded everytime, so i can upgrade every year using the other lines upgrade

  5. #5
    Honestly these websites are ripping you off. Do a little extra work and you'll sell an extra $80+ from ebay or craigslist.

  6. #6
    Quote Originally Posted by CptPalmer View Post
    I traded in my iPhone 5 with Game Stop for $355. After buying the 5S for $299 I had walking away money, so I can not complain.
    ...And a nice two-year contract!

    ****
    Whoops Venom1234 beat me to it!

  7. #7
    Sold my iPhone 5 64gb for $500 to a friend of a friend & bought the 5s 64gb for $450 with a 2 year contract which I don't mind due to several lines on my account, so I know I came on top.

  8. #8
    lol sold my 4s 32gb for $300 (270 in pocket) 3 days prior to invitations to event . Value dropped to $270 after invitations and $220 after announcement ahah. Imo you got screwed cpt. Didn't make money imo, you could have got $450+ just by being informed (googling) about when it was expected to be announced/released and selling just a couple days prior..

  9. #9
    Those prices are absolutely insane.

    iPhone 5 64GB (AT&T or Unlocked) $310 $300 $120

    Do some research or sell on CL or eBay yourself would be my recommendation

  10. #10
    I sell my older model on eBay and renew my contract every year. I have two lines with AT&T, it's been working fine for me since the iPhone 3G.

  11. #11
    Problem with selling on eBay you have to pay fees to both eBay and paypal, plus shipping fee.

  12. #12
    My iPhone is a Part of Me iRevival's Avatar
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    I sold an iPhone 5 on eBay for $485 3 days before the 5s released and I felt I got shortchanged on that.
    Twitter: @irevivalrepairs | Instagram: @irevivalrepairs

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  13. #13
    Quote Originally Posted by Mrteacup View Post
    lol sold my 4s 32gb for $300 (270 in pocket) 3 days prior to invitations to event . Value dropped to $270 after invitations and $220 after announcement ahah. Imo you got screwed cpt. Didn't make money imo, you could have got $450+ just by being informed (googling) about when it was expected to be announced/released and selling just a couple days prior..
    No biggie, I was not in it for the money. I was in it for the phone and my goal was to be cash neutral or better, so I came out ahead. As far as a contract I could careless. I have been in contracts for over 10 years so big flipping deal. People bi*ch about contracts all the time. Whether you are in a contract or not the monthly costs is EXACTLY the same. I have an unlimited data plan so I am going nowhere.

  14. #14
    If I had a nickel... thazsar's Avatar
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    Its funny how peeps on here complain about the two year contract as if they're not going to be paying 'someone' for cellular service!?!? In the end, you still pay a carrier to use your iPhone.

    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!!!

  15. #15
    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.
    Last edited by jose060789; 10-01-2013 at 05:53 PM.
    Sent from my iPhone 4.

  16. #16
    My iPhone is a Part of Me iRevival's Avatar
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    I agree about the contracts. I'm not going anywhere any time soon so why not take advantage of the fact that carriers are still subsidizing phones? I'm always going to need a cell phone so why do I need to be out of contract? AT&T has excellent coverage all across the US and they are constantly improving their network.
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  17. #17
    If I had a nickel... thazsar's Avatar
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    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.
    eBay is your better bet. I recently sold an iphone 4 16GB that was absolutely beautiful for $200. Memory isn't a factor at this point so its unlikely that'll bring in higher bids. The Red mod 'might' help you a little but prolly only $25 at the most.

    BTW, I go to Craigslist to buy something cheaper than eBay so keep that in mind.

    Quote Originally Posted by iRevival View Post
    I agree about the contracts. I'm not going anywhere any time soon so why not take advantage of the fact that carriers are still subsidizing phones? I'm always going to need a cell phone so why do I need to be out of contract? AT&T has excellent coverage all across the US and they are constantly improving their network.
    +1

  18. The Following User Says Thank You to thazsar For This Useful Post:

    jose060789 (10-01-2013)

  19. #18
    Am I the only one that doesn't care about a 2 year contract? Big deal you still hVe to pay someone to use the phone. Who cares what carrier it is

  20. #19
    Quote Originally Posted by CptPalmer View Post
    I traded in my iPhone 5 with Game Stop for $355. After buying the 5S for $299 I had walking away money, so I can not complain.
    Not very smart if you ask me, but what's done is done.

  21. #20
    If I had a nickel... thazsar's Avatar
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    Quote Originally Posted by Googly2moogly View Post
    Not very smart if you ask me, but what's done is done.
    ^^^LOL! Good save! 😉 I saw what you did there!

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