Summary: 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.
If you're worried you won't have enough cash saved up
before the imminent release of the iPhone 5S, you're in luck. Apple is
reportedly introducing a trade-in program ahead of the next iPhone's release,
which would get your old iPhone off your hands and take a few bucks off the new
one.
Values can range depending on a variety of factors,
including device color, physical damage and liquid damage. Though the prices
could very well be tweaked before the program goes wide, the range is said to
be around $120-200 for 16GB iPhone 4 and 4S models. A 16GB iPhone 5 in good
condition could go for around $250
*Company offers gift card, not cash
Once the paperwork is done, the value is added to a gift
card. The balance is applied to a new device, and the customer keeps the gift
card if there’s money left over. The store keeps the old phone. The trade-in
program is only applicable if you’re in the store to get a new phone, so you
can’t just trade it for a gift card.
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