Gazelle says the rush is on to cash in on used iPads ahead of new iPad event

by David Needle

October 10 2013

The largest electronics buy-back service in the U.S. says it's seeing a nearly twofold jump in the number of customers locking in cash offers to sell their old iPads since reports that Apple is planning to announce a new iPad on Oct. 22. 

Gazelle says iPad trade-in volume rose 86% this Tuesday on a week-over-week basis. 

The company is currently buying the first-generation 16-gigabyte Wi-Fi iPad mini for $175 and expects the new model to cost $329, which means a customers should just have to pay a net cost of $154 out of pocket for their new iPad mini.

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