Trade in Your Old Tablet at Wal-Mart (WMT) and Get the New iPad Air at a Discount

Walmart (NYSE: WMT) announced that it is adding tablets to its store trade-in program. Similar to its new smartphone trade-in program, customers can now trade in their tablets at more than 3,600 Walmart stores and Sam's Club locations nationwide. Customers can receive up to $300 for their current tablet, which will then be applied toward the purchase of a new tablet.

Walmart also confirmed that it will sell the new Apple (NASDAQ: AAPL) Wi-Fi iPad Air for $479 at 8 a.m. local time on Friday, Nov. 1. This is below the suggested retail price of $499. The company also said it will sell the iPad Mini for $399 when it's available, in-line with Apple suggested pricing.

Walmart is also rolling back the prices on current iPads effective immediately:

iPad with Retina Wi-Fi 16GB will rollback for from $499 currently on rollback for $449 down from $499

iPad Mini Wi-Fi 16GB will rollback from $329 to $299

iPad 2 will be sold at $399

Walmart's tablet trade-in program started on Wednesday, October 23.

The value of the trade-in tablet will be determined based on the following questions on its condition and specifications:

Does it power on?

Is the display fully functional and free of dead spots?

Is the tablet and display completely free of cracks?

What is the wireless carrier?
Once the customer accepts the offer, the trade-in value will be applied to a new tablet of their choice. If a customer’s new tablet costs less than the trade-in value of the old tablet, he or she will receive the balance on a Walmart gift card.

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