Starting today, Apple is letting current iPhone owners trade in their older iPhones for up to $US280 back in store credit toward the purchase of a new iPhone.
This has to be done at an Apple Retail store.
There are just a few strings attached to the trade in program: your iPhone has to power on, be free of water-damage, and you have to still be under contract.
TechCrunch points out that in order to participate in Apple’s program you have to walk out of the Apple Store with a new phone, under contract.
This is the first time that Apple has launched an official trade-in program called the “reuse and recycling” program.
“In addition to helping support the environment, customers will be able to receive a credit for their returned phone that they can use toward the purchase of a new iPhone,” a company spokeswoman told the Wall Street Journal.
The news is just starting to trickle out, we don’t know exactly what will get you $US280 — it could be that you have to have a mint-condition 64GB iPhone 5 in order to receive the most cash back.
Apple’s offer isn’t a good deal relative to the competition.
The highest you can get on Gazelle is $US350. On Craigslist and eBay you can get even more.
What you’re getting from Apple is the convenience of walking into an Apple Store and walking out with a new phone while paying slightly less.
Apple is expected to announce its newest iPhone on Sept. 10.