14 DAY TRIAL // Apple has updated its trade-in program, and unfortunately, there’s no good news for owners of older iPhones who planned to exchange their devices for older models.
The Cupertino-based tech giant is now paying less for older iPhones, iPads, Apple Watches, and Macs, as per a discovery from MacRumors.
While the company hasn’t provided an announcement on this front, the trade-in value has apparently dropped by as much as $50.
For example, if you want to trade in an iPhone 12 Pro Max, the top price you could get is now $600, whereas the company was previously paying up to $650 for this particular model. The same for an iPhone 12 Pro, as the trade-in value has dropped by $50 to $500.
The oldest iPhone that Apple receives is the iPhone 6s, which is now worth just $25, down five bucks. The Plus version is also $10 cheaper for Apple, as you’ll get only $40 towards the purchase of a new Apple product.
The biggest drop has apparently been recorded by the iPhone 11, as its trade-in value went down by as much as $70. Initially, it could bring you store credit up to $300.
Needless to say, the trade-in values are much higher in the case on Macs, but so are the drops. If you want to give up on a Mac Pro, instead of $2,000 you’ll now be getting up to $1,8000. An Apple Watch SE can bring you only $105 towards the purchase of a new Apple product, down from $120.
Of course, it’s important to keep in mind that all these prices are directly linked with the condition of the device you are trading in, so at the end of the day, you could get a lot less if the device is exhibiting physical damage or other problems.