iPhone Trade-Ins Surge Online Prior To Galaxy S5 Announcement

2014 is well underway and a smartphone that’s expected to perform quite well this year has already been unveiled, just yesterday Samsung finally lifted the wraps off of the Galaxy S5. One can expect that existing Galaxy S4 owners will be lining up to get their hands on one once it actually hits shelves, but its also possible that Samsung’s latest flagship might also entice customers on other platforms to jump ship. SellCell reports that prior to yesterday’s unveiling of the Galaxy S5, it saw a 48 percent increase in iPhone trade-ins over the weekend.

The obvious insinuation here is that these iPhone owners were trying to sell off their old devices to raise money which could then be put towards pre-ordering the Galaxy S5. SellCell basically acts like a brokerage firm, it searches more than 20 different sites and weeds out the best price for a trade. The site’s founder says that their latest statistics show U.S. mobile phone owners are increasingly becoming aware that trade-in prices often fall when big product launches are just around the corner. Right now an iPhone 5 fetches roughly $275, though trade in prices have steadily been coming down over the past few months. Samsung hasn’t announced how much the Galaxy S5 will cost, carrier partners are mum about the pricing as well, we’ll probably have to wait until next month. The Galaxy S5 will be released on April 11th.

Adnan Farooqui
Categories: Cellphones
Tags: Galaxy S5, iPhone, Samsung