Just in case you haven’t heard, Apple has an event planned for next week. Most of the free world expects the company to introduce new products, specifically the iPad 3.
Whatever product finally shows up, what’s already happening is a surge of used iPad and iPad 2 models on eBay. CNET says over 100,000 tablet trade is were made in February, almost all of those Apple’s iPads.
If you’ve been a Mac user for any length of time you know about the resale value on Macs vs. PCs. Windows PCs are a dime a dozen after a few years, while Mac owners command crazy high prices on used Macs.
The same thing occurred a few years ago with the iPhone. Many iPhone users find they can sell their units on eBay or elsewhere to help reduce the cost of a new one (or, in my case, to payoff AT&T when I switched to Verizon).
The same thing is happening to the iPad. As tablets go, Apple’s iPad is the one to buy and the one to sell. eBay’s Instant Sale program is home to tens of thousands of iPad trade ins. Why? People want something for the old one so they’ll have the cash for a new one.
Why do Apple’s products have such a good used market?
Used Macs have always been easy to sell. iPhones in good condition are even easier. Pristine iPads go for a premium, even priced higher than competing tablets that are new and still in the box.
There’s a distinction between price and cost. Apple’s tablets and phones and computers may cost a little more than the competition, but some of that is offset by the growing used iPhone, iPad, and Mac market.