New iPad 3 goes on sale, leads to 324% tablet trade-in rise

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new-ipad-3-14.jpgApple’s new iPad 3rd generation has gone on sale, with queues wrapping around the block outside the Cupertino tech manufacturer’s retail stores as fans clamour to get their hands on the latest tablet first.

And according to findings by leading trade-in service SellMyMobile, there’s been a 324% trade-in rise in tablets during the month leading up to the launch of the new iPad compared to average months.

As you’d expect, it’s last year’s iPad 2 model that’s being sold most often, making up 79% of tablet trade-ins, followed by the BlackBerry PlayBook (10 per cent) and then the Samsung Galaxy Tab range (8 per cent).

“With so many new tablets coming on to the market, it can be frustrating when you fork out for a new device only for a better model to launch a few months later,” said SellMyMobile’s MD Keir McConomy.

“That’s why we are seeing a new trend of tech-hungry consumers trading-in their old models and putting the money towards the latest device, which explains why there has been such a spike in iPad sales ahead of the new iPad launch.”

So what can you get for your old iPad 2? Depending on the item’s condition SellMyMobile offer £240 for the iPad 2 16GB Wi-Fi only model, stretching up to £315 for the iPad 2 64GB Wi-Fi and 3G. Not bad, if you don’t fancy the hassle of dealing with eBay buyers.

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Gerald Lynch