Tuesday saw the big reveal of Apple’s hotly anticipated new tablets – the iPad Air and iPad Mini – and it certainly caused a stir in the technology world. With reviews stating that the technology is good, but prices are high – will people be upgrading?
Back in August, with no new iPads revealed, IDC data reported a ‘tablet fatigue’ – due to tablet computers having a longer, more traditional life cycle. The point was that tablet users just weren’t upgrading in the same way as they would with a smartphone.
Is this different for Apple though? Statistics from gadget recycling comparison site CompareMyMobile, could suggest so.
iPad valuations have surged by as much as 426.97 percent
A survey of recycle stores shows that Apple iPad trade-ins are up as much as 190 percent, following the big reveal of the two new devices. The iPad 2 Wi-Fi 16GB is the top model being traded in, making up 11.7 percent of all tablet trade-ins on the site.
Experts say that this isn’t even every customer on the site either – as the number of people valuing their old iPads has seen an average rise of 293.12 percent too.
How does this affect the trade-in market?
Consumers are warned that these surges will have a knock-on effect on the prices they are offered for an old tablet though. For example, following the reveal of the iPad 4 in November 2012, existing iPad models lost as much as 11.11 percent of their value within just three weeks – which equated to a loss of up to £40.
At the moment existing iPad models are actually holding their value well – only losing 1.83 percent of their trade-in value within 90 days. However, if last year is anything to go by, then the site do expect to see a change.
The iPad models losing value most quickly
So far, the site report that the tablets losing value most quickly are:
Apple is dominating the tablet world
A huge rise in valuations and trade-ins also means that Apple is completely dominating the tablet trade-in market, even more so than it was before the reveal event. The electronics giant now makes up a huge 68.5 percent of tablet trade-ins, which simply dwarfs Samsung’s 12 percent and Google’s 10.7 percent share.
This suggests that consumers are still staying extremely loyal to Apple, upgrading each time there’s a new release, even when it’s a tablet, and keeping their favourite tech giant in charge.
Featured Image from Apple press services
What do you think of the new iPad? Have you ever tried to sell an old model?