IPhone 4s lined up at an Apple Store when the product launched in 2010.
The iPhone 4S, he added, is six months old and still pulling in good sales for Apple.
(Credit:Josh Lowensohn/CNET)Multiple reports that Apple will hold a special event to unveil its nextiPhone have resulted in a noticeable boost in people trading in their old devices, eBay said today.
According to the online sales site, submissions to its trade in program increased 70 percent in the past three days, when compared with the same period the week before.
The online sales site says more people than usual are eyeing smartphone trade ins on rumors that Apple has a new iPhone just around the corner.
The company says that during that span “nearly” 100,000 smartphones were offered up for trade in by people using the company’s Instant Sale program.
Among the Apple phones that people offered to trade in, eBay says the 16GB model of theiPhone 4S tops the list, followed by the 8GBiPhone 4 and 32GB iPhone 4S.
According to statistics from last year, eBay got 375,000 trade in offers for smartphones from October 4 to 6 — the 4th being the day the iPhone 4S was announced.
The Apple event rumor stemmed from a report by tech blog iMore, which said Apple will hold it on Wednesday, September 12, to unveil its next generation iPhone model, which would subsequently go on sale Friday, September 21.
Extra outlets, including The New York Times, All Things D, Bloomberg, Reuters, The Loop, and The Verge, added on with their own confirmations.eBay is just one of a few places where people tend to sell off their old gadgets when new versions are expected.
There are also trade in sites like Gazelle, NextWorth, and BuyMyTronics, along with trade in programs from Apple itself, as well as from retailers like RadioShack.
Christiane Ruston is a business journalist based in Barcelona, Spain. Christiane has a passion for financial markets and breaking news stories and loves writing about business news, stock market, and economic opinions that matters most to its audience. Christiane spends a lot of time discovering and researching latest financial markets and industry news stories in order to make sure the latest and greatest stories are brought to you first on BigBoardNews.com.