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iPhone 4 owners are starting to sell their used units as Apple prepares to announce its successor. It's a common practice -- sell the "old" tech to help finance the new -- and one Boston-based electronics retailer is already experiencing a significant uptick in smartphone trade-ins and iPhones being offered for sale.

Gazelle's Anthony Scarsella says the current iPhone sell-back is "much more aggressive" than it was when the iPhone 4 was released. Scarsella told The Street that 4,500 people tried to sell their iPhones last week, an increase of nearly 30% from the prior week. If those rates continue, he expects Gazelle to see more than 20,000 customers try to sell iPhones to Gazelle via the web. That would represent 10 times what the company saw with the iPhone 4 transition.

Of course, there are several online vendors willing to buy back your old iPhone. NextWorth is one that I've used, and ReCellular is also offering buy-backs.

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Source: http://www.thestreet.com/story/11264228/1/iphone-5-creates-t…

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Apple iPhone

iPhone 4 owners are starting to sell their used units as Apple prepares to announce its successor. It's a common practice -- sell the...

  Add a Comment Sign in » Add a Comment Type your comment here *0 / 3000 Character Maximum Submit Comment Moderation Enabled. Your comment will appear after it is cleared by an editor. 10 17 Comments Filter by: Newest Oldest Jacob Harkins

I cannot wait for tomorrow to see what the 5 will look like! As far as selling old ones back, BuyMyTronics.com is really good place to sell your old iPhones (used, new, broken) before heading out to pick up a new iPhone 5. Worth checking out. They have the best BBB rating of all the major players in the industry.

47 minutes ago Report abuse Permalink -1 rate up rate down Reply Crystal D

Everyone who has an iPhone 4 is less than two years into their contract, so how do they plan on upgrading without paying full off-contract price for the new iPhone?

1 hour ago Report abuse Permalink rate up rate down Reply 3 replies to Crystal D's comment Crystal D

Are the people that are selling their iPhone 4 planning to buy the iPhone 5/4S/the new one at full retail? Most people with an iPhone 4 are not eligible for a subsidized upgrade to a new handset.

1 hour ago Report abuse Permalink rate up rate down Reply 1 reply to Crystal D's comment Colin Castro

I'm hoping radio shack does their trade in program again, that was beast, got the same as if I sold it online, but with zero hassle.

20 minutes ago Report abuse Permalink rate up rate down Reply Sgt Beavis

Anyone want an iPhone 3g? Best known for being slower than molasses on a cold day.

2 hours ago Report abuse Permalink rate up rate down Reply bjbjohnson

I don't really understand this. These people are going to be paying $650 or $750 for their new iPhone which I suppose gets offset a little by selling the old one, but it seems like the most logical thing to do is just buy one every 2 years subsidized with the renewed contract.

2 hours ago Report abuse Permalink rate up rate down Reply 2 replies to bjbjohnson's comment Colin Castro

Because a lot of us are elligable for full upgrade benefits and then we sell our old iPhone and only have to pay like $100.

19 minutes ago Report abuse Permalink rate up rate down Reply Xinc288

I do agree with what you're saying, in that it would save people a lot of money going the subsidized route. However some of us just don't want to be on a contract, and the initial amount paid for the consumer goods (in this case the iPhone) isn't a very significant amount.
From my point of view, its just a very nice cool shiny phone (fashion accessory as my wife puts it). I don't store any significant data or information on these devices. (sadly I use a blackberry for business anyhow *cry*)

9 minutes ago Report abuse Permalink rate up rate down Reply spiral

Announcing the predecessor? Apple is really serious about this "TimeMachine" thing!

3 hours ago Report abuse Permalink rate up rate down Reply Smith Johnson

"iPhone 4 owners are starting to sell their used units as Apple prepares to announce its predecessor." ... I bet it'll be called the iPhone 3GS!

3 hours ago Report abuse Permalink rate up rate down Reply RoD

I don't think anyone is selling any iPhone 4 back. To sell something back it would have to be sold to the source you purchased it from. It's also not a trade in to sell an item to another party.

Why do tech writers have such trouble with these concepts?

3 hours ago Report abuse Permalink rate up rate down Reply 1 reply to RoD's comment Colin Castro

Well if radioshack does their program again it will be me selling something bac or trading it back in, so it will be accurate.

18 minutes ago Report abuse Permalink rate up rate down Reply Alexandru Mihnea Mou

Not predecessor but successor.

3 hours ago Report abuse Permalink rate up rate down Reply Ricky Wilson

I sold my 16gb sold via ebay for $330 last night.

3 hours ago Report abuse Permalink +1 rate up rate down Reply Tip of the Daymore tips

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