iPhone 5 rumor boosts iPhone trade-ins on eBay

iPhone 5 rumor boosts iPhone trade-ins on eBay

San Francisco : CA : USA | Aug 03, 2012 at 3:26 PM PDT
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With the industry abuzz with rumor that Apple would be unveiling its next iPhone soon, consumers are all geared up with many taking to eBay in a bid to trade their old devices. In a statement, eBay has said that there has been a considerable rise in the number of people trading their old phones. According to eBay, an increase of 70 percent was seen in the past three days compared to the week before the submissions to its trade-in program. For the said time, approximately “1000, 000” smartphones were put up for trade-ins by people using the instant sale program. Apple’s 16 GB model of the iPhone 4S topped the list for the Apple phones that were offered for the trade-in, followed by the 8GB iPhone 4 and 32 GB iPhone 4s.

How does this all relate to the speculated new iPhone launch? Statistics from last year show that eBay got 375,000 trade-in offers for smartphones when the iPhone 4S was announced. Out of all the smartphones, a whopping 89% were iPhones.

The rumor about the new iPhone started from a report by tech blog iMore, which stated that Apple would be unveiling its next model for the iPhone on September 12, Wednesday and it would be up for sale by September 21. Other than the blog, outlets including New York Times, All Things D, Bloomberg, Reuters, The Loop and The Verge stamped their approvals on the rumor. This resulted in consumers waiting in anticipation, as everyone is anxious to know what the new model will be like and what new features will be added to it.

The phone is currently in the production stage, with Sharp reportedly to start to ship screens for it this month. The new phone would have a larger, 4-inch screen, a smaller dock connector and 4G LTE connectivity.

Ebay is one among a host of other sites where people engage in trade-ins. Websites like Sagelle, NextWorth, and BuyMyTronics etc. are some of the other sites. Other than that there are retailers like Radio Shack that offer trade-in programs. Apple itself has its own trade-in programs. In the statement, eBay said that it had managed to get more than 10 million trade-in offers since it introduced its program in October 2010.

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harry68 is based in San Francisco, California, United States of America, and is a Reporter on Allvoices.
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