The Boston Business Journal reports that first gen iPads are “flooding” the resale market and prices are tanking as a result.
Before the Pad2 hit stores on March 11, electronics recycler Gazelle.com was offering as much as $530 for an iPad 64GB WiFi + 3G model in excellent condition with the original accessories. Today, the offering price is $328. A 32GB WiFi model in excellent condition was fetching as much as $340 prior to the release of iPad2. Today, the model is worth about $249.
A quick check of Cult of Mac’s local Craiglist, San Francisco Bay Area, shows a few of those 32GB WiFi models listed as low as $220, most in the $400-$500 range.
Does this sound right?
If you sold your iPad, did you get what you thought you would for it?
Nicole Martinelli is a San Francisco freelance writer who heads up Cult of Mac Magazine, our weekly publication available on iTunes. You can find her on Twitter and Google+. If you’re doing something new, cool and Apple-related, email her.
33 responses to “Prices for Old iPads Plunge?”
I sold mine the day the second iPad was announced.
Had my 16GB Wifi 1st gen listed on Craigslist for $400 but got $350 for it.
I sold my ipad, 16gb wifi only with the apple case, to a friend for $250. He bought it the day after ipad2 launched. I enjoyed hearing the people in Best Buy rave about what a good deal their buy back program is. Turns out you only get 40% back next year if you decide to buy ipad3, assuming Apple sticks to the current plan. I got 50% back one year later, so it was worth it.
I sold my wifi 16GB for $400. It included a ZAGGfolio, Pogo Sketch and an InvisibleShield. It was too a friend and to be honest completely worth $400 since I have babied the fire out of it. I would never by any tech from Craigslist since you don’t know the person, and how it was treated.
Sold my 32GB + 3G for $500 on craigslist.
On the other end, I’d buy another iPad 16 GB WiFi if they hit under $200. They make great home theater controllers.
I was able to sale my 16GB 3G incl. case one week before iPad 2 was announced for 550. I don´t want to think about what I would get today.
Bought my first gen 64GB 3G for 600 used. Sold it for 600 a week prior to iPad 2 launch.
I got $362 from Ebay Instant for my 32GB Wifi model the week prior to the iPad2 launch. Today they said it was for $302. 17% drop in a little over a week.
I bought a 16gb WiFi 1st gen with Apple case with all the packaging etc for £250 2 weeks ago. UK prices are always higher though.
I sold my 16GB Wifi only iPad for $445. Ebay took $28, Paypal took $13, and USPS took $43. So I netted $361. This was 7 days before the official release of the iPad 2.
Sold my 64gb Wifi model the day after I got my iPad 2. Sold on Craigslist for $440 cash.
I sold my Ipad 64gb Wifi model the day the Ipad 2 was announced. I got $520 for it, but paid $50 in fees.
I sold my iPad 16GB 3G + WiFi yesterday (3/20) for $450 on Amazon. Netted about $425
I got $425 for my sale on Craigslist, 32GB Wifi 3days after announcement.
Got 420.00 for iPad 32gig 3G the day of the launch. Had people lined up to buy from Craigslist. Gazelle offered $380.00. Still have box if anyone wants 380 for iPad.
I got $716 for a 64GB iPad 3G on eBay. It sold the Saturday before the new iPads were announced. I had to pay $50 in fees.
i want buy rm450 :)