eBay Instant Sale First Generation iPad Offers Climb 800% in Anticipation of Friday’s iPad 2 Launch

Consumers guaranteed offers of up to $450 for used iPads through March 25

SAN JOSE, Calif.--(BUSINESS WIRE)-- eBay, the world’s largest online marketplace and leader in mobile commerce, today announced that its easy-to-use electronics trade-in platform, eBay Instant Sale, has made more than 22,000 offers on first generation iPads since Apple’s announcement of iPad 2 last Wednesday. This represents a 796% increase compared with the previous week.

Since eBay launched Instant Sale in October 2010, roughly 38,000 iPad offers have been made in total compared to only 1,600 offers made for other tablets.

The top iPad models traded through eBay Instant sale since Wednesday, March 2 are:

eBay Instant Sale is a new program that lets people get competitive cash offers for electronics, including tablets and cell phones, in 60 seconds or less. eBay customers who visit eBay.com/iPad and enter in basic information about their device will receive an instant cash offer. Once the offer is accepted, users will receive a free shipping label. Payment will be deposited into the customer’s PayPal account once the item has been received and evaluated.

With the launch of Instant Sale, eBay now offers its customers two compelling options for offloading electronics: traditional selling and trade-in. Users can opt for the solution that makes the most sense to them based on the time they have available and the effort they are willing to commit.

In addition to Instant Sale’s value proposition for consumers, the platform provides an engine for the reuse of functional electronics, keeping e-waste out of landfills and preventing new manufacturing. Further, if an old device has no value, eBay Instant Sale will responsibly recycle it free of charge.

About eBay Inc.

Founded in 1995 in San Jose, Calif., eBay Inc. (NASDAQ:EBAY) connects millions of buyers and sellers globally on a daily basis through eBay, the world’s largest online marketplace, and PayPal, which enables individuals and businesses to securely, easily and quickly send and receive online payments. We also reach millions through specialized marketplaces such as StubHub, the world’s largest ticket marketplace, and eBay classifieds sites, which together have a presence in more than 1,000 cities around the world. For more information about the company and its global portfolio of online brands, visit www.ebayinc.com.

CONTACT:

eBay Inc.
Annie Lescroart, 408-376-7458
anlescroart@ebay.com
or
Nathan Strauss, 212-704-4573
nathan.strauss@edelman.com

KEYWORDS:   United States  North America  California

INDUSTRY KEYWORDS:   Technology  Consumer Electronics  Internet  Mobile/Wireless

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