iPhone Trade-In Volume Jumps Almost 1,000%

Users of earlier generation iPhones are trading in their phones at record levels. Gazelle, a consumer trade-in service says that the large number of trade-ins by iPhone users is to fund the purchase of the new iPhone 4 when it hits the market. They also state that the trade-in traffic for older iPhones is up nearly 1,000% from last year at this time.

Users of older iPhones are trading in their Apple handsets in record numbers and most if not all are planning to use the proceeds to purchase Apple’s new iPhone 4.

That is the opinion of consumer trade-in service Gazelle, which said trade-in traffic for older iPhones has jumped nearly 1,000% this year over last year’s activity.

Gazelle spokeswoman Kristina Kennedy indicated that on the day of the iPhone 3GS announcement, they received 141 trades. She noted that Gazelle recorded more than 1,000 trades on the day of the iPhone 4 announcement.

“Last year on the day of the iPhone 3GS announcement, we received 141 trades,” said Gazelle spokeswoman Kristina Kennedy in an email before the start of business Friday. She added that Gazelle recorded more than 1,000 trades on the day of the iPhone 4 announcement this year. “Currently iPhone 3GS 16GB is the most popular trade. 3GS in general are representing 65% of trades, which is much higher than we thought it would be.”

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