Used iPhones flood the market anticipating the iPhone 5
With hours ticking down before Apple is said to unveil the new iPhone 5, old iPhones are flooding the market. eBay and Craigslist are full of them, and companies that specialize in buying back used mobile devices are reportedly busier than ever.
According to USA Today, NextWorth, which buys back used phones and gives quotes on their worth, had a record number of iPhone quote requests the past three weeks. From August 17 to September 6, requests for quotes increased by 610 percent over the same period before the launch of the iPhone 4S.
This may be because many iPhone owners didn’t upgrade…
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