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Apple cuts maximum iPhone trade-in credit in US, Canada

updated 09:17 am EDT, Wed July 2, 2014

New value tops out at just $225

Apple has reduced the maximum credit people can get for an iPhone trade-in from $250 in the US and $270 in Canada to just $225 in both countries, accounts note. The change can be spotted by going to an Apple Store's landing page. Apple's online estimation tool is calculating still lower values, topping out at $205 US for a 64GB iPhone 5 tied to a major carrier.

The exact reason for the cut hasn't been discovered, but is presumably connected to depreciating values. The iPhone 5 hasn't been on sale for some time, and the iPhone 4S is likely to become obsolete this fall once new 4.7- and 5.5-inch phones arrive; the bottom tier(s) of Apple's product line are likely to be taken up by the iPhone 5s and/or 5c.



By Electronista Staff
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  1. Inkling

    Dedicated MacNNer

    Joined: 07-25-06

    From what I have seen on Craig's list, in most cases, owners can get a moderately better price selling their iPhone on the open market and they'll also be keeping that iPhone in use. Who knows what Apple does with those it buys? Probably recycle them in pop cans, a most ignoble fate.

  1. DiabloConQueso

    Fresh-Faced Recruit

    Joined: 06-11-08

    That's how everything goes -- cars, computers, clothes, etc. You sell it back to the manufacturer or trade it in and you're going to get less than if you sold it on the open market, end-user to end-user.

    The catch is this: with trading it in or selling it back to the manufacturer, you're guaranteed the sale. If you sell it on the open market, you're not guaranteed that anyone is going to want to buy it from you. So, for some people, immediate, guaranteed money in their pocket is better than waiting for someone to come along and express interest in buying it at a higher price.

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