iPhone Aftermarket Emerges as Updates Loom

31.07.2011

Gazelle and YouRenew didn't offer as much as some of the other websites, but both give quotes that are good for 30 days. That time can make all the difference.

Anthony Scarsella, chief gadget officer for Gazelle, says his website gets the largest amount of trade-ins of Apple products just after a new model is announced. Because his website's quote is good for 30 days and comes with no obligation to sell a device, he says "99 percent" of his customers lock in the price right after the announcement and trade their devices a few weeks later after the new model is released.

Shorter quote lock-in times may force users to trade in an old phone before getting a new one or risk getting a reevaluated price for holding on to the phone. If you're considering trading in your old iPhone, you should weigh the quote time against the price to figure out which service will work best for your particular needs.

Apple's typical once-a-year release schedule and limited product line makes its products a hot trade-in item compared to other devices such as Android phones or computers, Scarsella says.

"The iPhone is our number one product. Number two is probably the iPad," he says. "We got about 10,000 iPads (traded in) when iPad 2 was announced." He estimates that Gazelle got as many as in the first few days following the iPad 2 announcement.