iPad trade-ins up 500 per cent following iPad 4 and iPad mini reveal

October was a busy month for the tablet space, with Apple revealing an iPad 4 and iPad mini, while Samsung and Google announced the Nexus 10.
Since the Apple unveilings, phone recycling site SellMyMobile.comhas reported a 500 per cent and 312.5 per cent spike of iPad and BlackBerry PlayBook trade-ins, respectively.
The iOS tablet now accounts for 76.1 per cent of tablet swaps, followed by the Playbook at 9.9 per cent and Samsung Galaxy Tab at 7.3 per cent.
The iPad 3 64GB (wi-fi and 4G) model is the most valuable device at £380, which ism't surprising considering it was only released seven months ago. Indeed, the fact more iPads have arrived in such a short space of time has peeved a lot of existing owners.
Other devices that hold their value well include:
* iPad 2 64GB (WiFi + 3G) at £259
* Samsung Galaxy Note at £190
* Samsung Galaxy Tab at £160
* Motorola Xoom 2 at £139
Meanwhile, the iPad Mini also had an impact on the phone space, with the prices of the iPhone 5 and iPhone 4S dropping by 30 and 15 per cent, respectively.
Colin White, MD of SellMyMobile.com, said: "Over the past few years, we’ve seen a steady increase in the number of people looking to recycle their old mobiles – particularly when a new handset is released. But whereas before people would hang on to their tablets longer, high profile launches like the Apple iPad, Google Nexus 10 and Microsoft Surface mean that we’re now seeing this trend move to the tablet industry.
"We’ve become a nation of gadget lovers, and technology hungry Brits can’t even wait for Christmas to get their hands on the new devices – meaning they are trading up and recycling old tablets in favour of newer, flashier models."

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