Fans of Apple iPhones will now be able to put their old phones toward a new purchase.
Apple is reportedly set to announce a new program which will let iPhone users trade in their old phones for credit toward a new one.
The policy could go into effect around September when Apple’s iPphone 5S is expected to go on sale.
The company is likely to offer trade-in values of $120 to $200 for 16GB iPhone 4 and 4S models, and around $250 for a 16GB iPhone 5.
What sets the new program apart from Apple’s current recycling program is that consumers will be able to trade their phones in at an Apple store instead of having to do it by mail.
(Source: News12)
If anybody is considering this a good deal: sell your current iPhone on eBay and get (at least) another $250 current market price for a used iPhone 5 16GB is about $500 how silly do you have to be to give it to Apple for $250 and they turn around and sell it on used market for double that!