iPad Apple has cratered the used iPad mini Retina market

[steve217]

By keeping and dropping the price of the iPad mini retina $100, Apple has sunk the used iPad mini market.

In February of 2014, I was able to sell a 15-month old iPad mini for $250; which with a retail purchase of $330 worked out to a monthly cost of $5.33.

If today, I were to sell my Retina mini - which I bought on sale last February for $350 - I would be lucky to get $230 ($20 less than a refurbished Retina mini) for a monthly cost of $15 ($120/8 months).

It would be even worse if I had paid full retail of $400, the cost per month would be $21.25 a month.

True, the longer you hold on to the product, the better the amortization, but with three minis for sale plus refurbs, Apple has cornered the mini market. If you want to upgrade now, you are going to take a bath.

It's a buyer's market.

 

[Carlanga]

Even w the $100 off you will still get much more money than selling other brand tablets.

Also, in the end you will get less but you will also spend less.

 

[Appl3FTW]

I'm with you op.. I bought my rMini last year for about 529. Now it looks like I'll be lucky if I be able to sell it for about 350 or less then 300, probably even half the price I originally paid. this is crazy I'm losing money by the minute.

 

[MotherFinMike]

I'm glad I only buy iPads used

 

[urda]

For the folks that thought it was a good idea to buy a new iPad right before the October keynote, well that hit you hard in the wallet.

It's an expensive lesson, but one you needed to learn (and now you have haha).

 

[Totally]

Do people really buy apple devices factoring in how much they can sell it in 2 years into their original paying price?

 

[Mackinjosh]

I sold my 16 gig mini Retina for 305 at the end of September. I'm feeling good right now.