High iPod Resale Value (83%+) ahead of Wednesday's Announcements

Discussion in 'iPod' started by Chiggs, Sep 3, 2007.

  1. Chiggs macrumors member

    Joined:
    Jan 4, 2007
    #1
    You have to love E-Bay - Just sold my three iPods for an average of 83% of retail in advance of Wednesday's announcements... Money is in my PayPal account just waiting to order Steve's latest and greatest...

    You can read the main details below but I also wrote a longer article about this on my blog at:

    http://stockphotojournal.blogspot.com/2007/09/1-year-old-ipods-hold-83-of-original.html

    I'm a huge iPod freak (I've purchased 27 iPods over the years either for myself or for family and friends) and just auctioned off my three current iPods on E-Bay in anticipation of new ones being announced at the Apple event on September 5th. (Please Apple - release a touch screen iPod with WiFi !!!) I'm shocked (and thrilled) that my three iPods collectively sold for 83% of the purchase price one year ago. (This figure includes selling one at a discount because I lost the earbuds.) How many other consumer electronics products hold 83% of their value (used no less) one full year later?

    Full disclaimer - The 83% does not factor in E-Bay fees. At the same time though, it also does not include the fact that I usually recover about 50% of my E-Bay fees as part of my shipping costs. It also doesn't take into consideration the fact that I purchase my iPods at a 5% discount from retail from my company's personalized online Apple store. Factoring in all these items, the percentage is virtually the same - I've just chosen to ignore it for the purpose of sharing the numbers...

    The 1st iPod I sold was my 1 year old Black 30 Gig iPod. It retails for $249 at the Apple Store and has sold for that price ever since I purchased it in September, 2006. This is the iPod that I sold without the earbuds yet it still sold for $187.50 or 75.3% of the original retail price. It cost me $3.32 per month to enjoy this iPod for almost a full year.

    The 2nd iPod I sold was my 1 year old Product Red 4 Gig Nano. It retails for $199 at the Apple Store and has sold for that price ever since I purchased it in October, 2006. This iPod sold for $162.50 or 81.66% of the original retail price. It cost me $3.04 per month to enjoy this iPod for a full year.

    The 3rd iPod I sold was my 1 year old Black 80 Gig iPod. It retails for $349 at the Apple Store and has sold for that price ever since I purchased it in September, 2006. This iPod sold for $315.00 or 90.26% of the original retail price. It cost me $2.83 per month to enjoy this iPod for a full year.

    The total selling price of these three iPods was $665.00 or 83.43% of the total retail price of $797.00. Wow !!! It's important to note that I do take extremely good care of my iPods which allows me to list them as "like new" and I do keep all of the packaging, etc. so when it's time to sell, I can offer a complete package to the buyer. It no doubt helps as well that I have a 300+ positive feedback profile on E-Bay so buyers know that they can trust me...

    Like I said - I'm a huge iPod fan and upgrade my iPods whenever new ones come out. Some people thing it costs me a lot to do this but as you can see, if you're smart about it, you can always have a new iPod, always have an iPod within it's warranty period, and never spend a dime on Apple Care for just a few dollars per month.
     
  2. Jasonbot macrumors 68020

    Jasonbot

    Joined:
    Aug 15, 2006
    Location:
    The Rainbow Nation RSA
    #2
    Wow! Thats so awesome, but I must presume that these iPods were in near mint condition- unlike mine.
     
  3. rockthecasbah macrumors 68020

    rockthecasbah

    Joined:
    Apr 12, 2005
    Location:
    Moorestown, NJ
    #3
    Wow that's excellent congrats! Ebay is full of sillies, overpaying for so much :p

    I didn't wind up as well as you, but i sold on Craigslist so i wouldn't have to ship. I moved my 4th Gen 20GB monochrome with USB 2.0, Firewire, AC adapter, and new ear buds (unused) for $120 in one day. Considering i paid $50 for it, i'd say i made out quite well!
     
  4. kuebby macrumors 68000

    kuebby

    Joined:
    Jan 18, 2007
    Location:
    SFV
    #4
    Are they really "overpaying" if that's what the resale value is?

    But that's great about the 4G, they had those on woot the other day for $100.
     
  5. rockthecasbah macrumors 68020

    rockthecasbah

    Joined:
    Apr 12, 2005
    Location:
    Moorestown, NJ
    #5
    I mean it in a way that if i were in their position, i would look to a rumor site to see if there were going to be new ones released soon and know not to go above a certain price. I wouldn't pay top "resale" being an Apple follower or not :p
     

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