Gazelle reports 10,000 customers trading in their iPads for a new iPad 2

Based on the newly projected shipment dates, we know that the iPad 2 is already a success. And analysts seem to agree that the iPad 2 is a must-have item for 2011. Owners of the original iPad are quickly trading in their tablets in preparation for the iPad 2.

Gazelle is an electronics buy-back company, much like NextWorth, which will give you cash for your older technology products. According to Gazelle, as many as 10,000 original iPad owners are trading in their device to leverage the cost of an iPad 2. They report that there were more iPad trade-ins last week than any other product in their history.

And Gazelle is offering pretty competitive pricing. For a 16GB WiFi iPad, Gazelle offers $300, and they'll pay $530 for a 64GB 3G iPad. Just hours after the iPad 2 announcement, Gazelle had already received 2400 iPad trade-ins. As the trade-in values vary with demand, the trade-in value of the original iPad is likely to drop.

Gazelle offers a number of payment options, including checks, PayPal, Walmart Prepaid Visa, and Amazon.com gift cards. Or you can choose to donate the payment to any of the 100+ Gazelle-approved charities.

source: Gazelle via SlashGear