The company drops trade-in values for most iPhones

Jan 26, 2023 06:00 GMT  ·  By

It’s not a secret that iPhones are very expensive gadgets, but one way to pay less for the latest-generation model was to trade-in the device that you already own.

Apple has been running a trade-in program for several years already, and until recently, the company has been offering pretty good trade-in values for existing iPhone models.

However, the Cupertino-based tech giant has now decided to drop the prices it’ll pay for used iPhones, so you’ll now be getting less for the models that you trade in when planning to purchase a new model.

As observed by Cult Of Mac, the trade-in values went down as much as $80 for some devices, regardless of their condition.

Just as expected, the newer the iPhones, the more money you’re going to get. However, not even the previous-generation iPhones are worth as much as before, as you’ll now get less money even for a top-notch iPhone 13 Pro Max.

Previously, giving up on this model would have secured you up to $650 if everything was in perfect shape, but after the new price updates, the highest Apple can go for you is $570. The same for the iPhone 13 Pro, whose trade-in value drops from $550 to $470. On the other hand, an iPhone 12 Pro Max is now worth just $400, down from $480.

The mini is the one getting the smallest drop, as its trade-in value went down just $30 to $350.

The trade-in value of an iPhone 7 has remained unchanged, as Apple will continue to pay $40 for this super-old model – though you should all keep in mind that it all comes down to the condition of the device, so you could eventually receive less than that if it has a broken screen, for example.