Will People Sell Their Old iPads?

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Oct. 22 (Bloomberg) -- Glyde CEO Drew Lieberman discusses Apple's new iPad launch with Emily Chang on Bloomberg Television's "Bloomberg West." (Source: Bloomberg)

Electronics reselling site.

Today, i'm assuming a lot of people will be trying to sell their old ipad?

It is a big way.

We are excited to see a new product hit the market.

People are aware their old devices have a lot of value.

We already see six times the volume we saw last year.

If a new product is announced like we are expecting today, what kind of spike in business do you see?

It could be as much as 10 to 15 times once it all washes through.

If drawing a lot of attention that old devices still have a lot of value.

Even an ipad one which came out in 2010, you can get almost $100 for that.

How does the process work?

A seller comes to our site, lists the product, it goes up on the marketplace, we suggest a price that will clear the market.

It generally clears in a very short time and we ship a box with the buyer's address to the seller.

The seller puts the device in the box, off it goes, they get paid and they are happy.

Have turned the device into cash they can use for something else.

It should really better than what you can get if you traded at the apple store but it ready easy.

Why would people just do that instead?

It is convenient but it's somewhat like going to the car dealer where you know you are getting less value as opposed to a private party.

I selling on the marketplace like.

Bash like glide, you are selling to a buyer who will pay more than you will get from a trade-in site or store.

We have removed a lot of the challenges and made it to per easy for even a first-time seller to get the full value by using glide.

What about macbooks?

For computers on your website, what is the market like customer the market is getting strong.

We see about $700 for an air and $1600 if you're going to sell your mac book.

What about ipods?

There could be some news.

There's one older model that people are surprised apple continues to sell.

Is there a market for ipod anymore?

Believe it or not, they're still a viable market.

People can get between 50 and $80 for old ones.

Who is buying them?

People who might be sending them overseas thomas someone who doesn't want to buy a new one for a kid who has broken their newest or lost it.

And it's almost a collectors item in some ways.

Thank you for joining us.

We will keep a night on the exchange.

I want to get back to the

This text has been automatically generated. It may not be 100% accurate.

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