eBay’s iPad trade-ins up tenfold as new iPad models loom

“With the anticipation of a new iPad being just around the corner, more people have been trading in their first- and second-generation Apple tablets, eBay says,” Josh Lowensohn reports for CNET.
“This afternoon, the company said it’s generated more than 125,000 tablet trade-in offers this month, with 97.6 percent of those consisting of Apple iPad models,” Lowensohn reports. “That number is up tenfold from the number of offers during the same month last year, eBay said.”

Lowensohn reports, “Those offers are for the online commerce site’s Instant Sale program, which differs from its auction services by giving gadget owners a way to trade in items for cash. Users describe the quality of their item, and eBay picks up the shipping cost, as well as the job of wiping whatever data is on it. eBay says 7.3 million trade-in offers have been made since the program’s launch. Along with Apple devices, the program also accepts other electronics, though the company says iPhones, iPods, and iPads have represented the majority of trade-ins.

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