iPad Owners Rush to Sell Devices Ahead of iPad 3 Announcement [VIDEO]

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Apple hasn't yet officially announced the launch date of the iPad 3, or even confirmed its existence. But owners of the first and second generations of Apple's tablet are already rushing to sell their devices based on reports that the iPad 3 will debut in March.

According to the Boston Herald, Gazelle, an online service that buys used electronics and resells them through retail outlets, saw a 500% increase in iPad resale orders last Thursday, a number that grew steadily stronger over the weekend.

A similar service, NextWorth, saw a 400% traffic increase to the iPad section of its website and in the volume of iPads available for resale.

Last year, Gazelle bought 10,000 original iPads from the time of the iPad 2 announcement to its launch. Those who sold their iPads first were able to fetch the highest prices. Thus, iPad owners who are looking to upgrade to the iPad 3 are likely smart to trade in their iPads now.