Back when it first shipped in 2010, the original iPad was considered a miracle of modern technology. As with most consumer electronic devices, though, the minute its successor — the iPad 2 — was out the door, the original iPad was shunned for the shinier, faster models. But as Wired Enterprise blogger Robert McMillan reports today, original iPads are not only keeping their value, but they’re really quite the bargain for a big screen tablet.
Wired performed a study and found that used first-generation iPads are selling well, often at a price tag about US$100 less than a comparable iPad mini. The study quoted Nicholas Fiorentino of Totem, a used equipment reseller in San Diego, as saying “We are shocked at how well the iPad has held its value thus far. There are a lot of people who don’t need all the bells and whistles that the iPad 2 and iPad 3 have.”
At this point, a first-generation Wi-Fi iPad with 16 GB of storage sells for an average price of $236. That same device sold for $499 in April of 2010, meaning that it’s retained almost half of its value. Wired compares that to a Lenovo T410 ThinkPad, which came out at about the same time at $1,270 — used ThinkPads are now available on eBay for about $300, having lost about three-quarters of their value.
It’s expected that the price of an original iPad will drop to about $50 within four years, making the device an irresistible buy for tech-savvy bargain hunters.