Usually, Apple products have a product lifecycle of one year. After the release of the iPad 4, that is no longer the case for your old iPad 3.
[More from Mashable: Apple Grudgingly Posts Notice Saying Samsung Did Not Copy the iPad in the UK]
The iDevice trade-in site Gazelle saw a 450% increase after Apple released the iPad 4 on Tuesday, effectively discontinuing the sale of the third-generation iPad 3.
[More from Mashable: Are Apple’s Profit Margins at the Start of a Long Decline?]
The announcement, along with the release of the anticipated iPad Mini, drew some criticizim among Apple fanboys and other tech commentators. There is, however, an upside. Gazelle will buy your 64GB iPad 3 for $495, leaving you with some profit if you decide to buy the iPad Mini for $329.
Tim Cook
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This story originally published on Mashable here.

