Apple Inc. said Friday that it has launched an iPhone trade-in program at its U.S. retail locations. The program will allow consumers to trade in older devices for credit on new products.
Apple confirmed the program to MarketWatch but said it is not widely marketing the service. The new program comes ahead of the expected launch of iPhone models next month that could include an updated version of the iPhone 5 as well as a cheaper model.
“IPhones hold great value. So, Apple Retail Stores are launching a new program to assist customers who wish to bring in their previous-generation iPhone for reuse or recycling,” the company said in an email.
An Apple representative would not confirm the amount of trade-in credits that would be offered under the program. The amount will vary depending on device and condition. The 9 to 5 Mac blog said trade-in values would likely be in the $250 range for an iPhone 5 in good condition, with an iPhone 4 fetching a range of $80 to $140, depending on type and condition.
Read more at Marketwatch.com: http://ch7ne.ws/197HwRB