Apple iPhone owners are seeking to trade-in their older handsets at twice the rate of last year, in an attempt to raise cash for the new iPhone models to be unveiled by Apple today. That's the word from Gazelle, which happens to be the top electronics trade-in company in the U.S. The company's website is handling four requests for quotes per second as it girds itself for one of its busiest times of the year. That is up 95% from the number of requests that the Gazelle website was fielding last year, just before the Apple iPhone 6 was introduced.
The Apple iPhone 5s happens to be the most traded-in phone over the last week, accounting for 35% of Gazelle's volume. The Apple iPhone 6 represented 27% and 15% of trade-ins were for the Apple iPhone 6 Plus. Gazelle also announced that it has raised the payout for those trading in a Verizon branded iPhone 6 Plus (to $481), iPhone 6 ($426) and iPhone 5s ($206).
Historically, Gazelle's trade-in values for older iPhones plummet after the annual Apple event, as the company gets flooded with requests for quotes from those seeking to finance the purchase of the latest iPhone models.
Historically, trade-in values for older iPhones plunge after the new models are announced
Alan, an ardent smartphone enthusiast and a veteran writer at PhoneArena since 2009, has witnessed and chronicled the transformative years of mobile technology. Owning iconic phones from the original iPhone to the iPhone 15 Pro Max, he has seen smartphones evolve into a global phenomenon. Beyond smartphones, Alan has covered the emergence of tablets, smartwatches, and smart speakers.
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