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Trade-ins for the iPhone have increased by 500% now that the iPhone 5 release is around the corner.

With the iPhone 5 just weeks away from being released to the public, a vast increase of trade-ins have begin to take place implying that many current iPhone users plan to upgrade their phones.

Softcell, a site that allows individuals to sell their old smart phones ” says that iPhone trade-ins are five times higher in August 2012 when compared to the same period a year ago.”

It has already been reported that the value of the iPhone 4s has decreased by 10 percent in the past month, so if you are thinking about trading in your old phone or selling it, it may be necessary to Hurry Up!

 

iPhone trade-ins up 500% as iPhone 5 is just a week away

 

 

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