iPhone 5 Rumors Cause Spike in Trade-Ins

It’s widely rumored that Apple is planning to release a new iPhone in September, and now it looks like pretty much everyone believes the rumor. Ebay has reported seeing a spike in users selling off their old smartphone. Yes, this is a little early, but given the hype from all the many gadget blogs covering the story I’m not surprised.

According to Ebay, submissions to its trade-in program spiked 70% this week over the previous week.

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