He's actually made money on the transactions over the years.
And as Apple's latest versions of the smartphone is released Friday, Fawcett is poised.
Routinely selling his old iPhones to subsidize the new ones, the
Fawcett is part of a booming cottage industry catering to the demand for used iPhones and other popular mobile gadgetry, in turn fueled by others' obsessions for the new and shiny. As a result, those wanting to get a good price on their recent-model gadgets have a growing number of options, including
Tech retailers and wireless carriers also have caught on, fueling an explosion of trade-in programs -- all designed to help you not have to pay, or not pay as much, for your new phone.
Even hardware manufacturers are getting in this game. Apple this year began offering iPhone trade-ins at its retail stores, with all credits going to the purchase of new iPhones. It had already offered online trade-ins.
These newer retail trade-in programs are competing with veterans in this space, including the popular Gazelle. The
Most Popular Stories
- 15 Myths That Could Ruin Your Hispanic Ad Campaign
- Bitcoin Clones Lurch Onto Financial Scene
- General Motors Names Mary Barra as First Female CEO
- AIG to Create 230 Jobs in Charlotte
- Clinton to Keynote Annual Simmons Leadership Conference
- How Bitcoin and Other Cryptocurrencies Work
- Californians Want to Legalize Marijuana
- Pacific Trade Pact Delay Hinders U.S. Pivot to Asia
- Selena Gomez, Shakira Among Top Hispanic Searches
- Budget Deal Sets Off Grumbles in Both Houses