Apple offers up to $320 for iPad 2


(CBS New) Apple added a new item to their Reuse and Recycling program: the iPad 2.

Full coverage of Apple at Tech Talk

According to Computer World, Apple added the second-generation tablet to the program Wednesday, just days ahead of the official release of the new iPad.

Trade-in value for the 16 gigabyte (Wi-Fi) iPad 2 ranges from $205 for a tablet in good condition to $50 for a tablet with some damage. If you've had your tablet engraved, the trade-in value drops to $120. The price for a 64 GB (Wi-Fi + 3G) model is $320 for a tablet in good condition.

Compare those trade-in numbers with electronics trade-in marketplace NextWorth, where the iPad 2 is currently valued at $220.50 for a "like new" tablet, $210 in "good" condition and $110 for "fair" condition. And a 64 GB (Wi-Fi + 3G) model "like new" will fetch $315.

Of course, you could always sell your iPad on Amazon or eBay. That would require starting seller accounts on those sites, but the extra cash is a worthy trade-off. Currently, the cheapest 16 GB iPad 2 (Wi-Fi) model is priced at $340 at Amazon. The same model at eBay, currently has a "buy now" prices in the $340 range.

Apple's Reuse and Recycle program is managed by Roseville, Calif.-based company PowerON, which also has an shop for pre-owned Apple products.

Reused Apple products will be resold to the secondary electronics market. The company will recycle products that have no reuse value. Apple began recycling iPods in 2005 and computers from any manufacture in 2006.