The iPhone 5 dropped this morning at 8 o’clock local time, setting off a feeding frenzy among gadget hounds and immediately making its predecessor old news. But say you have a perfectly decent smartphone and don’t want to shell out full price for the iPhone 5? Take some of the sting out of sticker shock…

eBay announced a limited-time offer for eBay Instant Sale, allowing customers to get up to $475 in trade-in of their iPad 2.

The dust is settling on Apple’s unveiling of the iPhone 4S this morning and now I’m looking at my old one wondering how long it’ll take me to cave and upgrade. Thankfully, eBay Instant Sale makes the decision an easier one that it might ordinarily be.

Launching today, eBay’s Instant Sale app for iPhone is the very first app of its kind, allowing users to sell or recycle old electronics with the same ease and convenience as instantsale.ebay.com – all while on-the-go.

eBay Instant Sale now offers new, limited-time pricing for broken or damaged iPods, iPhones and iPads, in celebration of Earth Month / Infographic illustrates carbon savings.

eBay Instant Sale has seen more than 22,000 offers on first generation iPads since Apple’s announcement of iPad 2 last Wednesday. This represents a 796% increase compared with the previous week.

Here is a short clip from ABC’s Good Morning America talking about the real value involved with each of the recent electronic buy back promotions currently available – including eBay Instant Sale.