The rumors about Apple’s upcoming trade-in program turned out to be true. The company confirmed that such a program indeed goes live today at retail stores throughout the country. The idea is generally the same as in other similar programs. You bring in your old iPhone 3GS, 4, 4S or 5 to any Apple mortar store and in return you receive a gift card which can be used towards the purchase of a new iPhone. The maximum value of the credit will naturally depend on many factors, the most important being the phone’s condition. As CNBC reports, customers will need to sign a new contract to take advantage of the trade-in program.
One more option to trade-in your old iPhone
Apple already has an online recycling program for its devices, as do many carriers and retailers including Amazon, Best Buy, RadioShack, Verizon Wireless and more. The decision to expand the trade-in program to Apple’s retail stores was a deliberate move. This way customers will have one more option to trade-in their old iPhones, which Apple sees as a perfect opportunity to keep them close. Moreover, the vast majority of the traded-in phones will return to the market as second-hand devices.
The timing is by no means coincidental. On September 10th Apple is expected to announce its next-generation iPhone. Regardless of where you trade in your old iPhone, the numbers look good. For example, Best Buy is willing to give you up to $315 for your 16GB iPhone 5, while Apple offers up to $336 if you opt for the recycling program. Assuming that pricing policy for the upcoming iPhone remains unchanged, it will be more than enough for you to grab a brand new on-contract handset.