Anytime Cupertino has announced (or is rumored to announce) a new gadget, initial demand can be seen by activity on Gazelle, Ebay, and other trade in sites. In less than 24 hours following the announcement of both the iPad Mini, as well as an iPad 4, price on existing models has dropped by approximately 100 dollars at Gazelle.com.
Gazelle, and other trade-in sites, fluctuate their price based on basic principles of supply and demand. When the site becomes flooded with a specific product, it increasingly offers less cash for the device. In the past, this massive uptake in used Apple products is a sign of existing users clearing out space in their home while padding their wallet to purchase the upgraded version.
A 25% drop in trade-in value within 24 hours of announcement is reason to believe demand for the just announced iPads will be quite strong.
No comments:
Post a Comment