Must Read Rumors

Kate Middleton and Prince William’s Canada tour: Canada sets etiquette rules for meeting the royals

Canada has issued a guideline for the Duke and Duchess’ visit in the country.

Kate Middleton, Prince William and children arrive in Canada for royal tour

The Duke and Duchess of Cambridge, née Kate Middleton, and their two adorable children, George and Charlotte, landed in Canada this Saturday, September 24.

Kate Middleton and Prince William’s Canada tour itinerary revealed

The Duke and Duchess of Cambridge, née Kate Middleton, and their two children have started their official Canadian tour today.

Kate Middleton voted UK’s most influential fashion icon

The Duchess of Cambridge, née Kate Middleton, is no stranger to fashion, elegance and high class.

Pippa Middleton talks fiancé, new cook food, being labeled a ‘party girl’

In a rare interview, Pippa opened up about her new book, her fiancé and the difficulties of being Duchess Kate’s sister.

Kate Middleton and Prince William’s Canada tour: Canada sets etiquette rules for meeting the royals
Kate Middleton, Prince William and children arrive in Canada for royal tour
Kate Middleton and Prince William’s Canada tour itinerary revealed
Kate Middleton voted UK’s most influential fashion icon
Pippa Middleton talks fiancé, new cook food, being labeled a ‘party girl’

iPhone 5 release is massive boost for resellers

by Nicole
September 29, 2012 at 11:04 am

Demand for older iPhones constitutes a great increase in the reseller market.

Credit: Apple

According to The Wall Street Journal, second-hand iPhones usually go from the US to overseas.

Owners of older models prefer to use their devices to offset the cost for the latest version.

“We are supply constrained. There is insatiable demand for this product,” said Israel Ganot, chief executive of buyback service Gazelle Inc.

The publication writes that older iPhones can be sold for more than their initial purchase price.

This happens because US carriers tie the price of the iPhone to annual contracts and users eventually pay a higher cost than they actually realize.

Thereby, a 16G iPhone 4S can be priced at $240 on Gazelle, which is $40 higher than what most US users paid for the device.

The report also notes that the iPhone 4 can sell for $145.

As for broken iPhones, they are used for parts or repaired overseas.

WSJ notes that AT&T iPhones can be more valuable on this second-hand market as they can be available on more networks overseas.

The iPhone 5 release sparked an increase in the reseller market.

Gazelle reportedly gave out over 500,000 quotes on the day the iPhone 5 was launched, and over 2.5 million in September, which is five times as much as last year when the iPhone 4S was introduced.

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