Shocked at resale drops!

bass93

macrumors regular
Original poster
Aug 25, 2009
134
0
I am totally shocked to see first gen iPads going for so low on eBay. You can get Buy It Now's for $345. Auctions cheaper. I have a fourth gen 32GB iPod Touch that I don't find myself using except for email, eBay, AmpKit, Netflix, an occasional game and facebook. I could get $275 for it, because I have a couple cases and some accessories. Sure is tempting to sell it and get a first gen iPad. I'd be getting close to an even trade...hmmmmm. I got my Touch for less than $300 right after launch.

I still have various iPods for listening to music, so 16GB is perfect for me. It'd be nice to get 3G though. But to have a bigger screen for Netflix, taking notes at college, much easier to use AmpKit, and many other things, I'm thinking of doing this.

Any thoughts?
 

Rapmastac1

macrumors 65816
Aug 5, 2006
1,114
46
In the Depths of the SLC!
This is what happens when Apple releases a new product, the current one goes way cheap because everyone wants to off-load it to get the newest version. So people waiting for the new iPad to launch aren't necessarily waiting for the new iPad, but for the cheaper prices they can get the older one at. This is what I do with iMacs, I get the highest end for dramatically less.
 

bass93

macrumors regular
Original poster
Aug 25, 2009
134
0
This is what happens when Apple releases a new product, the current one goes way cheap because everyone wants to off-load it to get the newest version. So people waiting for the new iPad to launch aren't necessarily waiting for the new iPad, but for the cheaper prices they can get the older one at. This is what I do with iMacs, I get the highest end for dramatically less.
Yeah. Nice. Do you have an iPad? If so how long and what are your main uses?
 

Stetrain

macrumors 68040
Feb 6, 2009
3,547
17
Well seeing as Apple is selling refurbished ones (and Apple refurbished is truly as good as new) for $349 (with fresh warranty) it's not really surprising.
 

bass93

macrumors regular
Original poster
Aug 25, 2009
134
0
Well seeing as Apple is selling refurbished ones (and Apple refurbished is truly as good as new) for $349 (with fresh warranty) it's not really surprising.
Yeah, I could go that route, but then you have to pay taxes :p lol. So it's more like $379.
 

MRU

Suspended
Aug 23, 2005
25,312
8,706
Other
Once Apple has cleared stock of old iPads and they aren't available on mass at reduced prices, I suspect the resale value will raise slightly.

If you can hold off selling for a month or two, you may get more money for your iPad than trying to sell in an overloaded market.
 

maflynn

Moderator
Staff member
May 3, 2009
63,993
30,534
Boston
Its that whole supply and demand thing.

Supply is skyrocketing due to people flooding the market with used iPads and apple selling the unsold stock of iPad 1 so low. Couple that with the demand for the iPad 1 sinking fast in light of the iPad 2. All that means the value for the iPad 1 is sinking.
 

deeddawg

macrumors G3
Jun 14, 2010
8,297
2,175
US
If you can hold off selling for a month or two, you may get more money for your iPad than trying to sell in an overloaded market.
I'd also suggest that the changeover costs would be lower as well as there will be more choices of cases and screen protectors; those who feel those are important add-ons will likely have a wider, lower-cost product mix to choose from at retail than they will on 11 March. Not a huge difference most likely, but something to consider as well.
 

ucfgrad93

macrumors P6
Aug 17, 2007
17,574
8,212
Colorado
This is what happens when Apple releases a new product, the current one goes way cheap because everyone wants to off-load it to get the newest version. So people waiting for the new iPad to launch aren't necessarily waiting for the new iPad, but for the cheaper prices they can get the older one at. This is what I do with iMacs, I get the highest end for dramatically less.
Agreed, right now there is a flood of people putting their old iPads up for sale which causes the prices to drop. It is a buyers market right now, not a sellers market.
 

spinedoc77

macrumors G3
Jun 11, 2009
9,367
3,377
Resale is pretty bad right now. I had my 64gb 3g with case on CL for a couple of weeks at 599 and no bites, finally just sold it today for 550, which is nuts. I think a lot of smart people that realize the ipad2 doesn't really offer much over the ipad1 are making out like bandits, unfortunately I'm a tech ho and need to snatch up every new product.
 

rdowns

macrumors Penryn
Jul 11, 2003
27,345
12,409
Let's face it, there are more iPads for sale than anyone could imagine. I have never seen this for any product before. Bodes very well for iPad 2 sales. It's not just fanboys who want the newest model.
 

tritonj

macrumors 6502a
Jun 12, 2008
704
0
the answer is very simple, ipods will hold value more because its market is bigger, the ipad is a niche market item.
 

kalex

macrumors 65816
Oct 1, 2007
1,328
52
What did u think it was going to do? Magically be at the same price as new ones? Be lucky that it didn't drop even more.

Prices on used ipads stayed very close to new ones ever since it came out. Actually they were selling over MSRP during first few months so this is a payback. It was impossible to find a normally priced ipad. Now market is flooded with them thanks in part to Apple's brilliant marketing.

The longer you hold on to it the more it drops. It might even out a bit after the initial rush to dump them but don't expect them to miraculously go up in price.

Some people didn't get the memo about new ipads as CL is filled with optimistic sellers trying to get their money back
 

Doc750

macrumors 6502a
Aug 11, 2010
803
4
Glad I sold my ipad 2 weeks ago for $425.

i'll be getting ipad 2 next week. woho!
 

MSUSpartan

macrumors 6502
Jul 13, 2008
400
0
Apple's becoming the definition of mainstream and the products are everywhere. They don't hold the exclusivity nor value as they used to.
 

JD2K9

macrumors newbie
Mar 3, 2011
6
0
I am trying to decide if I am better off buying a new ipad 2 getting my 9-10 months of fun filled use out of of it than selling it for the majority of what I paid for it, or try to get a 16gb wifi for $300 (been having alot of trouble getting any lower than $330..) Hrm..
 

TOYSTER17

macrumors regular
Aug 2, 2010
188
0
Yesterday was pretty bad. Saw a few 16g wifi going for about $270 on craigslist. Now it seems like prices are going back up because I see no less than $350. I'm just waiting a bit more to sell mine.
 

maflynn

Moderator
Staff member
May 3, 2009
63,993
30,534
Boston
Yesterday was pretty bad. Saw a few 16g wifi going for about $270 on craigslist. Now it seems like prices are going back up because I see no less than $350. I'm just waiting a bit more to sell mine.
The issue with Craigslist is that you have no idea what they sold for. Just because you see 350 for the iPad doesn't mean that's what the market will bear. I've seen some outrageous prices at times on CL, so its hard to determine marketvalue on CL.