Buy-back programs offer upwards of $300 for used iPad 2s

By Matthew
Mar 14, 2012
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  1. To upgrade or not to upgrade? Such is the question plaguing many iPad 2 owners as we approach the launch of Apple's latest tablet. Many online retailers hope to easeā€¦

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  2. LinkedKube

    LinkedKube TechSpot Project Baby Posts: 3,481   +44

    Well that's nice of them...
  3. LNCPapa

    LNCPapa TS Special Forces Posts: 4,202   +422

    That does seem very generous of them. I think they'll win some customers over with a move like this seeing as how Apple just sticks it to you if you happen to buy something just before they announce their new version.
  4. I am NOT an apple hater so this comment is strictly just what it is - a comment. Its not generous of them or nice of them. Its pure business. Its not even them that are actually buying it. A third party pays the retailer/apple for them and resells them. The PERFECT shape ones apple does hold on to and refurbishes them as needed and resells.
  5. So a 64gb 3g ipad2 in mint condition that cost well over $700 a months ago, they are willing to give us $320? How generous of them. So they can turn around and sell it "refurbished" for $600.
  6. Actually, it's not that simple.

    What Apple is doing is preventing you from selling the devices to your friends so your friends will purchase the devices straight from the company.

    It's an innovated business move. Interesting.
  7. captaincranky

    captaincranky TechSpot Addict Posts: 11,454   +1,759

    Listen, everybody is somebody's friend. (*) So, I'm not quite sure I'm on board with your interpretation of this business model. While true, the guy sitting next to you in class may not run across your exact tablet, there will still be "X" quantities of the earlier model returned to the market.

    What this does is set up a sales model more similar to a new car dealer, where the profit margin is averaged across the new/used sections of the inventory.

    (*) Except me, of course....:rolleyes:

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