14 DAY TRIAL // The iPhone 12 is selling like hotcakes, or at least, that’s according to third-party data because otherwise Apple no longer shares any specifics regarding the market performance of its devices.
And one of the reasons for more people getting an iPhone 12 is likely to be Apple’s trade-in program, which allows customers to exchange their older devices with store credit that can be used towards the purchase of a new smartphone.
According to a recent report, Apple has recently adjusted how much it pays for used iPhones and iPads, most likely in an attempt to make the trade-in program even more effective and convince more people to upgrade to the new iPhone 12.
More money for old iPhones
More specifically, if you want to trade in an iPhone 11 Pro Max and get an iPhone 12, Apple would be willing to pay up to $515, a $15 increase from the previous trade-in value. It’s not a lot, but it’s still more than the increase offered for the iPhone 11 Pro, whose value rises by just $5 to $465.
If you want to give up on your iPhone 11 and get an iPhone 12, Apple’s trade-in value is $380, a $20 increase versus the previous offering.
Of course, the older the device gets, the smaller the amount of money you’re going to get towards the purchase of an iPhone 12. The iPhone 6s Plus is the best example in this regard, as Apple is only willing to pay up to $65 for your smartphone, an increase of just $5.
In the meantime, Apple is working on the next-generation iPhone, which according to people familiar with the matter should launch according to the typical calendar in September with upgrades for all four models in the current lineup.