iPad trade-ins spike with rumors of 'Mini'

11 hrs.

Leslie Meredith, Senior Writer

Gazelle, a?cash-for-electronics trade-in service, has seen an 80 percent spike in iPad trade-ins over the past month, which could mean anticipation is growing for Apple's iPad Mini, which could have a 7.85-inch screen.

"The recent spike in iPad trades began on the date that rumors broke about the production of the?iPad Mini ?and [trades] have remained relatively high [ever] since," Anthony Scarsella, Gazelle's chief gadget officer, told TechNewsDaily in an email. "While I can't say for certain that all people are trading in older iPads for the iPad Mini, I can make the educated guess that there is a strong connection."

But is this just a coincidence? Consumers could be raising cash for the still-new iPhone 5, which has broken all previous iPhone sales records. Demand is high for the phone and supply is scarce. Apple lists a three- ?to four-week wait for shipping on its website, while carriers call for shipping in about three weeks.

Nevertheless, for some reason the original 16GB iPad with Wi-Fi is flooding the resale market, accounting for almost 50 percent of iPads traded in, Scarsella said. The average prices, meaning all?iPads?in all conditions, are $130 for the original iPad, $215 for an iPad 2 and $390 for the latest model.?

Apple is expected to issue invitations Tuesday?to a launch event on Oct. 23, where the iPad Mini could be unveiled.

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Source: http://www.nbcnews.com/technology/technolog/ipad-trade-ins-spike-rumors-smaller-tablets-1C6478786

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