Apple confirms iPhone trade-in plan; consumers can receive as much as $280 toward the purchase of a new iPhone

Apple confirms iPhone trade-in plan; consumers can receive as much as $280 toward the purchase of a new iPhone
The long rumored trade-in program for the Apple iPhone at Apple's own retail locations has started on Friday. Apple says that the trade-in will help the environment and at the same time, customers who turn in an iPhone will receive credit toward the purchase of a new model. How much? According to Apple, the most that a person can receive is $280 depending on the model being traded in and the condition of the trade.

To receive credit toward a new Apple iPhone, the trade must be in working condition and the customer has to be under contract from a carrier. The new trade-in policy will pit Apple against other third party companies like Gazelle that have become successful marketing their own iPhone trade-in service.

This is the time, just weeks before Apple is expected to introduce the new Apple iPhone model, when current owners of Apple's iconic smartphone start to think about trading in their current iPhone for the next version. By now, these people have heard the various rumors of what new features are likely to appear in a new model, and are looking for ways to make it happen financially.  The Cupertino based company is expected to introduce the next iPhones on September 10th with the unveiling of the Apple iPhone 5S and the budget priced Apple iPhone 5C. New features expected on the iPhone 5S include an improved camera sensor with a lower aperture to take better pictures under low-light conditions, a faster and more powerful A7 processor, a longer lasting battery and a possible fingerprint sensor embedded in a new sapphire home button.

Besides using the program as an incentive to those who simply want the next Apple iPhone model, Apple Store workers will suggest a trade to those facing costly repairs for their iPhone, even if that phone does turn on.

source: WSJ

Related phones

iPhone 5s
  • Display 4.0" 640 x 1136 pixels
  • Camera 8 MP / 1.2 MP front
  • Processor Apple A7, Dual-core, 1300 MHz
  • Storage 64 GB
  • Battery 1570 mAh(10h 3G talk time)
iPhone 5c
  • Display 4.0" 640 x 1136 pixels
  • Camera 8 MP / 1.2 MP front
  • Processor Apple A6, Dual-core, 1300 MHz
  • Storage 32 GB
  • Battery 1507 mAh(10h 3G talk time)

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34 Comments

1. andro.

Posts: 1999; Member since: Sep 16, 2011

Sounds like apple is getting really worried,desperate to hold onto the level of marketshare it has left before it drops even lower

2. bucky

Posts: 3795; Member since: Sep 30, 2009

Sounds like you're shopping for an iPhone if you only pay attention iPhone articles.

3. Ninetysix

Posts: 2966; Member since: Oct 08, 2012

Apple will be fine specially when we have tons of fanboiz posting in Apple related articles.

10. bigstrudel

Posts: 621; Member since: Aug 20, 2012

#1 selling smartphone brand and still gaining market share in the US. Still by far the most profitable in the smartphone business. Apple isn't going anywhere.

13. XperiaFanZone

Posts: 2280; Member since: Sep 21, 2012

From 20% market share in smartphones to 14% in a year. Apple isn't going up for sure.

19. PAPINYC

Posts: 2315; Member since: Jul 30, 2011

Soon that 14 will be just a lonely pathetic 4 :-)

20. amiaq

Posts: 509; Member since: Jun 30, 2012

i ll be laughing

14. Mxyzptlk unregistered

Sounds like you're not running out of free time since you're trolling an apple article. For the record Apples marketshare isn't dropping.

17. DukeX

Posts: 327; Member since: Aug 28, 2013

Seriously your the last person to be calling anyone a troll. For a person that has talked down on Motorola for 2 years it seems like soneone is running out of stuff to say themselves...

24. TROLL

Posts: 4851; Member since: Apr 13, 2012

He Trolls™ on Moto articles, and really hates Moto! He also hates Android cause he feels really jealous of the freedom of features it provides, unlike an OS with an app launcher with it's fake unreal halfbaked Darwin OS which swipes left and right that the OS is trying, during to become like Android™®©

27. DukeX

Posts: 327; Member since: Aug 28, 2013

Sup TROLL. Im new here but I've been watching the activity on this site for over a year. I just couldn't stand to not register amymore. Mxy really was getting to me. But anyway im Duke. Happy to be apart of phonearena finally!

30. -box-

Posts: 3991; Member since: Jan 04, 2012

Welcome!

32. DukeX

Posts: 327; Member since: Aug 28, 2013

THANKS GUYS!

25. TROLL

Posts: 4851; Member since: Apr 13, 2012

Yea from 700p to 470p big drop. And will tumble even more! ™

33. rusticguy

Posts: 2828; Member since: Aug 11, 2012

You troll Android/Google articles more i think and foam at mouth on Apple articles. Are you upset that you are in danger of losing the title of biggest troll here?

18. PAPINYC

Posts: 2315; Member since: Jul 30, 2011

Sounds like they realize they have to keep a tight noose on that iRope or the herd will go aGrazing elsewhere. $280 is a pretty low depreciation value, does anyone know if this credit will be in conjunction with any carrier iSubsidies for 2-year contracts and/or upgrades (T-Mobile not included - you have those "Value Plans", not much of a "Value" now.

29. Whateverman

Posts: 3295; Member since: May 17, 2009

I think so. Grandfather unl. data VZW customer gets no love.

4. -box-

Posts: 3991; Member since: Jan 04, 2012

also known as the "trade in your older phone so we can refurbish it and sell it for almost pure profit to another idiot again and again, and boost our sales numbers!" program, as well as the "artificially trying to drive up the price of iphone trade-in value and used sale prices!" program

8. Napalm_3nema

Posts: 2236; Member since: Jun 14, 2013

They don't need to artificially drive it up, since they already have the highest resale value by far. A 16GB iPhone 5 goes for $25-$50 less than an S4 or One, and around $100 less than a Lumia 1020 on the secondary market. By Christmas, a 5 will go for more than all of those.

34. rusticguy

Posts: 2828; Member since: Aug 11, 2012

Despite this Apple would just value it for $280 _max_ What do we call this? Another iThug scheme?

5. HTCOE

Posts: 650; Member since: Nov 20, 2011

this is good news from and for apple.

6. fanboy1974

Posts: 1345; Member since: Nov 12, 2011

If this includes the iPhone 5 than the most you would get for a $849 (plus tax) 64gig device is $280. I could only imagine what they give for a $649 16gig iPhone 5.

7. androidfanboy

Posts: 162; Member since: Jun 24, 2013

Apple is going to lose profit because of this

31. -box-

Posts: 3991; Member since: Jan 04, 2012

Nah, they'll sell the trade-ins over and over, and refurbish the trade-ins. Likely pure profit for them since they're relatively dirt-cheap for them to work.

9. GeekyGene

Posts: 88; Member since: Aug 25, 2013

Apple is doomed!! Now that's out of the way. It's good though that Apple is fully taking on old devices. The rate at which technology (especially phones) are released and then superseded is something that's pretty damn wasteful from an environmental perspective. The longer these things have a useful life to someone the better! The $280 max seems a bit low though. I mean if you consider the price of a 64gb iPhone 5.... would they really only give you $280 for it? You could easily get more elsewhere so must be something else to it? They know iPhones have a good resale value - and so do their customers.

11. Ravail

Posts: 182; Member since: Oct 14, 2011

Apple is only doing this kind of program because their market share is being taken by Android.

16. GeekyGene

Posts: 88; Member since: Aug 25, 2013

..... Ok. Let's assume you are correct, keeping in mind that they are a business and react to competition that threatens products they sell (like any business does). Assuming you are correct though, that that's the sole reason for this. It matters because why?

12. pellegrini

Posts: 84; Member since: Jun 14, 2012

Just sell your nice IPhone 4S/5 to Apple for $280, so they can refurbished it and sell for $400 (or more). PS: You will still need to pay the difference to get the 5S.

15. fanboy1974

Posts: 1345; Member since: Nov 12, 2011

$280 is the max so if you have any 4S or iPhone 16/32gig model you will get less. $280 is a slap in the face for an iPhone 5 64gig. That phone is still $900 retail if you count tax.

* Some comments have been hidden, because they don't meet the discussions rules.

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