Hot Market for iPads, and Not Just Apple’s New iPad 3

Courtesy Apple

Each time a prohibited new Apple product appears, it causes a sputter outcome in a marketplace, with a flurry of consumers buying, trading, selling, and reselling all versions of a item. The approaching introduction of a iPad 3 on Mar 7 has already caused a mass trade-in of comparison iPads, and all signs indicate to a impassioned marketplace for iPads: original, iPad 2, and iPad 3 alike. Haven’t we seen this one before?

Last March, a flood of used iPads strike a resale market, stirred by (what else?) a introduction of a new iPad (#2). Sub in a 3 for a 2, and it’s flattering many a same story right now—only now, given there are not one though dual existent iPad models, and there are distant some-more iPads in people’s homes, a volume of buying, selling, trade in, and reselling has strike a roof.

Apple Insider reports that a new iPad’s rumored upgrades, that embody superfast 4G LTE connectivity and Siri voice recognition, are approaching to assistance Apple sell 55 million units (all products, not usually iPads) in 2012.

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With all those new iPad purchases, a large reshuffling of comparison tablets is expected to occur. Or rather, is already occurring. Sites that compensate money for trade-in electronics—NextWorth, Gazelle, eBay’s Instant Sale—have all gotten vital bumps in business due to a entrance of a iPad 3, presumably from owners seeking to ascent to a new indication and/or money in on their sell before a value sinks. eBay reported 125,000 inscription trade-in offers from Feb 1 to 23—a tenfold boost from a same duration in 2011—and 97.6% of those were iPads. Likewise, a series of consumers trade in iPads during Gazelle and Nextworth has risen by as many as 500% in new days.

With eBay’s program, a many renouned iPad to trade in is now a iPad 1 Wi-Fi + 3G ATT, followed by a iPad 1 Wi-Fi only. At final check, owners could design to get $225 and $200, respectively, for these items. An iPad 2 16GB Wi-Fi, meanwhile, commands as many as $275 during eBay’s Instant Sale.

It’s correct to emporium around before selling. SmartMoney reported final week that NextWorth and Gazelle were profitable $272 and $260, respectively, for that same iPad 2 16GB Wi-Fi in “good” condition.

Those prices in a SM post, mind you, were before Best Buy announced it was imprinting down a iPad 2 16GB by $50 over a weekend, bringing a cost for a new indication to $450. The imprinting down of new sell seems to have caused a decrease in what buyers will compensate for used goods. In a some-more new cost check during Gazelle, a site was charity usually $230 to buy that same section from consumers.

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Prices for shopping and offered comparison iPads will vacillate with supply and demand, and in all likelihood, both will decrease serve once a iPad 3 is strictly on a market. Wharton selling highbrow Barbara E. Kahn compares a lessen and upsurge of iPad prices in a marketplace to that of cars:

When new models arrive, automobile dealers offer cost discounts on final year’s models. However, a disproportion between cars and tablets is that if a automobile is new (but a prior year’s model), it is still value a “new car” cost (unlike a used car, where some of a cost bonus is attributable to combined mileage), she notes.

As for attempts to get a special cost on a newest iPad, good fitness with that. Apple has a prolonged story of not discounting until it positively must. Dealnews suggests an over-under of 6 months for a time during that any iPad 3 will be discounted. That’s formed on what happened with a iPad 2: Half a year after it was initial introduced, some retailers knocked strange prices down by $50. That’s substantially not adequate to make many consumers wish to wait.

(MORE: The Next iPad’s Here: Are You Dumping Your iPad 2?)

Also, keep in mind that reduction than 6 months from now, it’s expected that there will be another new Apple product—the iPhone 5—begging for your attention, and your dollars.

Brad Tuttle is a contributor at TIME. Find him on Twitter during @bradrtuttle. You can also continue a contention on TIME’s Facebook page and on Twitter during @TIME.


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