Apple and Gazelle Compete for iPhone 5 Trade-Ins

iPhone5_1mf

As recently as a week ago, the popular gadget trade-in service Gazelle reported that iPhone owners were selling their old phones as frequently as once per second, presumably in advance of the upcoming announcement of the iPhone 5s and iPhone 5c. Now Apple is preparing its own in-store trade-in program, so as not to let third-parties be the only beneficiaries of all that resale goodness. 

Unconfirmed reports indicate that some Apple stores are already testing a trade-in program, and that it will roll out chain-wide soon. TechCrunch says that the company will offer $250 credit for a 16GB iPhone 5 in good condition, which you could then put towards the purchase of an iPhone 5S or 5C. Comparatively, Gazelle will reportedly offer $315 for the same phone. 

MORE: iPhone 5s: Full Review

Gazelle’s program simply asks you to specify your model, memory and carrier through an online form. You then chose its condition: broken, good or flawless. Gazelle quotes an offer, and if accepted you’ll get a box in the mail. After Gazelle gets the box, and confirms you didn’t fib about the iPhone’s condition, you get paid by check, PayPal or Amazon gift card.

Now Gazelle is upping in the ante, apparently in response to Apple’s plan to compete. The service is offering to buy back an old iPhone now, but not ask you to mail it in until October 19. That presumably gives you time to buy your next iPhone before giving up your old one. (The new iPhone is rumored to be coming the second week of September.) 

Gazelle is far from the only player in the electronics buy-back world. In 2012, we compared trade-in deals for the iPhone 4s and found that Amazon’s program offered the most (up to $415) while eBay’s Instant Sale netted $299 for a 16GB 4S. Gazelle came in third with $277 and BuyBackWorld fourth at $275. At the time, Gazelle was offering a premium for AT&T iPhone 4S devices. Best Buy and Radioshack offer trade-ins, but those are only good for in-store credit. 

We’ll bring you more details on Apple’s trade-in program as soon as it becomes official.

via Techcrunch

AUTHOR BIO
Anna Attkisson
Anna Attkisson
A lover of lists and deadlines, Anna Attkisson covers apps, social networking and accessories. She's proud to say she loves each and every one of her phablet, three tablets, three laptops and desktop. She joined the Laptop Mag staff in 2007, after working at Time Inc. Content Solutions where she created custom publications for companies from American Express to National Parks Foundation.
Anna Attkisson on
Twitter Google+
LEAVE A REPLY
Name*
Email* (will not be published)
Website
*Indicates required field
Comments*
Submit Comments

FIND A REVIEW
Laptops
All Product Types Accessories Cars Digital Camcorders Digital Cameras eReaders GPS Laptops MP3 & Video Players Projectors Smartphones Software Storage Tablets / MIDs VoIP Wi-Fi
All Subcategories
All Subcategories All-Purpose Budget Business Desktop Replacement Gaming Multimedia Netbook Nettop Rugged Student Tablet PCs Ultraportable
Brand
Acer Alienware Apple Archos ASUS Averatec BenQ CTL Corp. Dell Digital Storm eMachines Emtec Everex Fujitsu GammaTech Gateway General Dynamics Getac Gigabyte Hercules HP HTC iBuyPower Intel Lenovo MSI Nokia Nvidia OCZ OLPC OQO Origin Panasonic Sager Samsung Sony Sylvania Systemax TabletKiosk Toshiba Verizon Viewsonic Viliv VooDoo Workhorse PC ZT Systems
Minimum Rating
Any Rating 4.5 Stars 4.0 Stars 3.5 Stars 3.0 Stars
Screen Size
10 11 12 13 14 15 16 17 18 20 4 5 6 7 8 9
Resolution
1024x576 1024x600 1024x768 1200X800 1280 x 720 1280x1024 1280x768 1280x800 1366x678 1366x768 1440x1050 1440x900 1600x768 1600x900 1680x1050 1680x945 1920x1080 1920x1200 800x400 800x480
Weight Range
10.1 - 12.0 pounds 12.1 - 14.0 pounds 14.1 - 16.0 pounds 2 lbs 2 pounds and under 2+ lbs 2.1 - 4.0 pounds 4.1 - 6.0 pounds 6.1 - 8.0 pounds 8.1 - 10.0 pounds Over 16 pounds Under 2 pounds
more options
SUBSCRIBE