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Wednesday, February 12, 2014, 04:33 pm PT (07:33 pm ET)

iPhone upgraders leave nearly $13.5B in old hardware to collect dust

The results of a survey published on Wednesday show U.S. consumers who hold on to last-generation iPhones after upgrading or moving on to another smartphone have amassed some $13.4 billion in mothballed hardware.



According to research group OnePoll's "Mobile Mountain Study," conducted for resale website SellCell.com, iPhone owners are leaving a collective pile of unused legacy hardware on the table estimated to be worth $13.4 billion on the resale market, reports MarketWatch. That number has grown from the year-ago period, which saw about $9 billion worth of iPhones stashed away.

Looking at the bigger picture, the percentage of owners who keep smartphones rather than selling them has decreased from last year, dropping to 50 percent from 55 percent one year earlier. The overall trade-in value of mothballed phones is up to $47 billion, a significant jump from $34 billion a year ago.

As for what people do with their old phones, 20 percent said they gift them to family and friends, 12 percent donate to charity and 9 percent simply throw them away. According to the poll, only 18 percent of users showed concern over security issues related to reselling or giving away handsets, down from 23 percent last year.

As to why Americans "hoard" old phones instead of selling or gifting, the survey found 40 percent keep legacy devices as spares, 36 percent "don't know what else to do with them" and 17 percent of respondents were just "too lazy."

While SellCell.com obviously has skin in the game when it comes to smartphone resales, the results from OnePoll are interesting considering that Apple instituted an in-store trade-in system last year to boost sales of new handsets.

According to SellCell.com, many consumers don't know about trade-in services and thus leave massive amounts of money sitting in sock drawers and shoeboxes across the nation.

A number of dedicated online services, like Gazelle, have popped up to take advantage of the second-hand smartphone market. Even big-box retailer Walmart and Internet sales giant Amazon are getting in on the action with sometimes generous offers on years-old equipment. These big-name companies usually take advantage of the time period surrounding new product releases to build their supplies or push promotions. AppleInsider tracks trade-in values daily in its Trade-in Cash Payout Guide:
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Current iPhone Trade-in Payouts (Week of Apr 15th 2014)
iPhone 4 8GB (AT&T) $35 $30 $10
iPhone 4 8GB (other) $30 $25 $10
iPhone 4 8GB (Sprint) $30 $25 $10
iPhone 4 8GB (T-Mobile) $30 $25 $10
iPhone 4 8GB (Unlocked) $75 $65 $10
iPhone 4 8GB (Verizon) $35 $30 $10
iPhone 4 16GB (AT&T) $40 $35 $10
iPhone 4 16GB (Unlocked) $85 $75 $10
iPhone 4 16GB (Verizon) $40 $35 $10
iPhone 4 32GB (AT&T) $42 $37 $10
iPhone 4 32GB (Unlocked) $90 $80 $10
iPhone 4 32GB (Verizon) $42 $37 $10
iPhone 4S 8GB (AT&T) $85 $75 $30
iPhone 4S 8GB (other) $65 $55 $30
iPhone 4S 8GB (Sprint) $65 $55 $30
iPhone 4S 8GB (T-Mobile) $70 $60 $30
iPhone 4S 8GB (Unlocked) $135 $125 $30
iPhone 4S 8GB (Verizon) $85 $75 $30
iPhone 4S 16GB (AT&T) $90 $80 $40
iPhone 4S 16GB (other) $75 $65 $35
iPhone 4S 16GB (Sprint) $75 $65 $35
iPhone 4S 16GB (T-Mobile) $90 $80 $35
iPhone 4S 16GB (Unlocked) $140 $130 $40
iPhone 4S 16GB (Verizon) $90 $80 $35
iPhone 4S 32GB (AT&T) $95 $85 $40
iPhone 4S 32GB (other) $80 $70 $35
iPhone 4S 32GB (Sprint) $80 $70 $35
iPhone 4S 32GB (Unlocked) $145 $135 $40
iPhone 4S 32GB (Verizon) $95 $85 $35
iPhone 4S 64GB (AT&T) $100 $90 $40
iPhone 4S 64GB (other) $85 $75 $35
iPhone 4S 64GB (Sprint) $85 $75 $35
iPhone 4S 64GB (Unlocked) $150 $140 $40
iPhone 4S 64GB (Verizon) $100 $90 $35
iPhone 5 16GB (AT&T) $190 $180 $80
iPhone 5 16GB (other) $140 $130 $70
iPhone 5 16GB (Sprint) $140 $130 $70
iPhone 5 16GB (T-Mobile) $190 $180 $70
iPhone 5 16GB (Unlocked) $230 $220 $80
iPhone 5 16GB (Verizon) $230 $220 $80
iPhone 5 32GB (AT&T) $195 $185 $80
iPhone 5 32GB (other) $145 $135 $70
iPhone 5 32GB (Sprint) $145 $135 $70
iPhone 5 32GB (T-Mobile) $195 $185 $70
iPhone 5 32GB (Unlocked) $235 $225 $80
iPhone 5 32GB (Verizon) $235 $225 $80
iPhone 5 64GB (AT&T) $200 $190 $80
iPhone 5 64GB (other) $150 $140 $70
iPhone 5 64GB (Sprint) $150 $140 $70
iPhone 5 64GB (T-Mobile) $200 $190 $70
iPhone 5 64GB (Unlocked) $240 $230 $80
iPhone 5 64GB (Verizon) $240 $230 $80
iPhone 5C 16GB (AT&T) $180 $170 $60
iPhone 5C 16GB (other) $130 $120 $40
iPhone 5C 16GB (Sprint) $130 $120 $40
iPhone 5C 16GB (T-Mobile) $180 $170 $60
iPhone 5C 16GB (Unlocked) $220 $210 $60
iPhone 5C 16GB (Verizon) $220 $210 $60
iPhone 5C 32GB (AT&T) $185 $175 $60
iPhone 5C 32GB (other) $135 $125 $40
iPhone 5C 32GB (Sprint) $135 $125 $40
iPhone 5C 32GB (T-Mobile) $185 $175 $60
iPhone 5C 32GB (Unlocked) $225 $215 $60
iPhone 5C 32GB (Verizon) $225 $215 $60
iPhone 5S 16GB (AT&T) $290 $270 $125
iPhone 5S 16GB (other) $230 $210 $90
iPhone 5S 16GB (Sprint) $230 $210 $90
iPhone 5S 16GB (T-Mobile) $290 $270 $125
iPhone 5S 16GB (Unlocked) $350 $330 $125
iPhone 5S 16GB (Verizon) $350 $330 $125
iPhone 5S 32GB (AT&T) $300 $280 $125
iPhone 5S 32GB (other) $240 $220 $90
iPhone 5S 32GB (Sprint) $240 $220 $90
iPhone 5S 32GB (T-Mobile) $300 $280 $125
iPhone 5S 32GB (Unlocked) $360 $340 $125
iPhone 5S 32GB (Verizon) $360 $340 $125
iPhone 5S 64GB (AT&T) $310 $290 $125
iPhone 5S 64GB (other) $250 $230 $90
iPhone 5S 64GB (Sprint) $250 $230 $90
iPhone 5S 64GB (T-Mobile) $310 $290 $125
iPhone 5S 64GB (Unlocked) $370 $350 $125
iPhone 5S 64GB (Verizon) $370 $350 $125

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Current iPad Trade-in Payouts (Week of Apr 15th 2014)
iPad 16GB WiFi $55 $45 $0
iPad 64GB WiFi $55 $45 $0
iPad 32GB WiFi $55 $45 $0
iPad 16GB WiFI + 3G $55 $45 $0
iPad 32GB WiFi + 3G $55 $45 $0
iPad 64GB WiFi + 3G $55 $45 $0
iPad 2 16GB WiFi $125 $115 $50
iPad 2 32GB WiFi $135 $125 $50
iPad 2 64GB WiFi $145 $135 $50
iPad 2 16GB WiFi + 3G (AT&T) $130 $120 $50
iPad 2 32GB WiFi + 3G (AT&T) $140 $130 $50
iPad 2 64GB WiFi + 3G (AT&T) $150 $140 $50
iPad 2 16GB WiFi + 3G (Verizon) $125 $115 $50
iPad 2 32GB WiFi + 3G (Verizon) $135 $125 $50
iPad 2 64GB WiFi + 3G (Verizon) $145 $135 $50
iPad 3rd generation 16GB WiFi $145 $135 $65
iPad 3rd generation 32GB WiFi $155 $145 $65
iPad 3rd generation 64GB WiFi $165 $155 $65
iPad 3rd generation 16GB WiFi + 4G LTE AT&T $150 $140 $65
iPad 3rd generation 32GB WiFi + 4G LTE AT&T $160 $150 $65
iPad 3rd generation 64GB WiFi + 4G LTE AT&T $170 $160 $65
iPad 3rd generation 16GB WiFi + 4G LTE Verizon $145 $135 $65
iPad 3rd generation 32GB WiFi + 4G LTE Verizon $155 $145 $65
iPad 3rd generation 64GB WiFi + 4G LTE Verizon $165 $155 $65
iPad 4th generation 16GB WiFi $200 $190 $85
iPad 4th generation 32GB WiFi $210 $200 $85
iPad 4th generation 64GB WiFi $230 $220 $85
iPad 4th generation: 128GB WiFi $260 $250 $85
iPad 4th generation 16GB WiFi + 4G LTE AT&T $205 $195 $85
iPad 4th generation 32GB WiFi + 4G LTE AT&T $215 $205 $85
iPad 4th generation 64GB WiFi + 4G LTE AT&T $235 $225 $85
iPad 4th generation: 128GB WiFi + 4G LTE AT&T $265 $255 $85
iPad 4th generation 16GB WiFi + 4G LTE Verizon $200 $190 $85
iPad 4th generation 32GB WiFi + 4G LTE Verizon $210 $200 $85
iPad 4th generation 64GB WiFi + 4G LTE Verizon $230 $220 $85
iPad 4th generation: 128GB WiFi + 4G LTE Verizon $260 $250 $85
iPad 4th generation 16GB WiFi + 4G LTE Sprint $200 $190 $85
iPad 4th generation 32GB WiFi + 4G LTE Sprint $210 $200 $85
iPad 4th generation 64GB WiFi + 4G LTE Sprint $230 $220 $85
iPad 4th generation: 128GB WiFi + 4G LTE Sprint $260 $250 $85
iPad Mini 16GB WiFi $140 $130 $50
iPad Mini 32GB WiFi $155 $145 $50
iPad Mini 64GB WiFi $180 $170 $50
iPad Mini 16GB WiFi + 4G LTE AT&T $145 $135 $50
iPad Mini 32GB WiFi + 4G LTE AT&T $160 $150 $50
iPad Mini 64GB WiFi + 4G LTE AT&T $185 $175 $50
iPad Mini 16GB WiFi + 4G LTE Verizon $140 $130 $50
iPad Mini 32GB WiFi + 4G LTE Verizon $155 $145 $50
iPad Mini 64GB WiFi + 4G LTE Verizon $180 $170 $50
iPad Mini 16GB WiFi + 4G LTE Sprint $140 $130 $50
iPad Mini 32GB WiFi + 4G LTE Sprint $155 $145 $50
iPad Mini 64GB WiFi + 4G LTE Sprint $180 $170 $50
iPad Air 16GB WiFi $300 $270 $100
iPad Air 32GB WiFi $350 $320 $100
iPad Air 64GB WiFi $400 $370 $100
iPad Air: 128GB WiFi $450 $420 $100
iPad Air 16GB WiFi + 4G LTE AT&T $330 $300 $100
iPad Air 32GB WiFi + 4G LTE AT&T $380 $350 $100
iPad Air 64GB WiFi + 4G LTE AT&T $430 $400 $100
iPad Air: 128GB WiFi + 4G LTE AT&T $480 $450 $100
iPad Air 16GB WiFi + 4G LTE Verizon $320 $290 $100
iPad Air 32GB WiFi + 4G LTE Verizon $370 $340 $100
iPad Air 64GB WiFi + 4G LTE Verizon $420 $390 $100
iPad Air: 128GB WiFi + 4G LTE Verizon $470 $440 $100
iPad Air 16GB WiFi + 4G LTE Sprint $310 $280 $100
iPad Air 32GB WiFi + 4G LTE Sprint $360 $330 $100
iPad Air 64GB WiFi + 4G LTE Sprint $410 $380 $100
iPad Air: 128GB WiFi + 4G LTE Sprint $460 $430 $100
iPad Air 16GB WiFi + 4G LTE T-Mobile $330 $300 $100
iPad Air 32GB WiFi + 4G LTE T-Mobile $380 $350 $100
iPad Air 64GB WiFi + 4G LTE T-Mobile $430 $400 $100
iPad Air: 128GB WiFi + 4G LTE T-Mobile $480 $450 $100
iPad Mini Retina 16GB WiFi $220 $200 $75
iPad Mini Retina 32GB WiFi $270 $250 $75
iPad Mini Retina 64GB WiFi $320 $300 $75
iPad Mini Retina: 128GB WiFi $370 $350 $75
iPad Mini Retina 16GB WiFi + 4G LTE AT&T $240 $220 $75
iPad Mini Retina 32GB WiFi + 4G LTE AT&T $290 $270 $75
iPad Mini Retina 64GB WiFi + 4G LTE AT&T $340 $320 $75
iPad Mini Retina: 128GB WiFi + 4G LTE AT&T $390 $370 $75
iPad Mini Retina 16GB WiFi + 4G LTE Verizon $230 $210 $75
iPad Mini Retina 32GB WiFi + 4G LTE Verizon $280 $260 $75
iPad Mini Retina 64GB WiFi + 4G LTE Verizon $330 $310 $75
iPad Mini Retina: 128GB WiFi + 4G LTE Verizon $380 $360 $75
iPad Mini Retina 16GB WiFi + 4G LTE Sprint $230 $210 $75
iPad Mini Retina 32GB WiFi + 4G LTE Sprint $280 $260 $75
iPad Mini Retina 64GB WiFi + 4G LTE Sprint $330 $310 $75
iPad Mini Retina: 128GB WiFi + 4G LTE Sprint $380 $360 $75
iPad Mini Retina 16GB WiFi + 4G LTE T-Mobile $240 $220 $75
iPad Mini Retina 32GB WiFi + 4G LTE T-Mobile $290 $270 $75
iPad Mini Retina 64GB WiFi + 4G LTE T-Mobile $340 $320 $75
iPad Mini Retina: 128GB WiFi + 4G LTE T-Mobile $390 $370 $75