Old iPhones traded ahead of iPhone 5 release

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We should be only a few weeks away from the proposed release of the next iPhone, as reports come in of press events and Apple board members having a loose tongue. The build up to this has led to a spike in old iPhones being traded ahead of the iPhone 5 release.

According to an article on Cnet, gadget purchaser Gazelle has seen an unusually large amount of activity from consumers looking to get rid of the iPhone 4. Anthony Scarsella from the company said it had seen an 84% jump in people looking to offload their used iPhones compared to a fortnight ago.

He added “This launch has been so delayed and overdue, there’s definitely a lot more of a hype”, and said normally consumers wait until the replacement model has been revealed before trading in.

It is also thought to be unusual as the iPhone is normally a device that owners sell on after getting the new model. People don’t normally do this as you may be left without a phone once your current device has been traded in.

The models being traded in are a mixture of the iPhone 3G, 3GS, and iPhone 4. The original iPhone is not among the units being traded, and the company pays around $36 for it. There may not be that many of those left now though.

It is believed the company will see around 2,500 iPhone trade-ins this week alone, and the money paid is based on condition and how many they can sell on. We saw similar situation back in march when consumers rushed to get rid of the original iPad ahead of the new model.

Gazelle offers owners a thirty day price lock that guarantees the price of the trade-in even if the price drops after the seller has sent the device to the company. If the price has gone up Gazelle will pay that on the day the transaction is processed.

What are you planning to do with your old iPhone?

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