Apple has lowered their maximum trade-in-value of the iPhone 5 to $225, down $45 from the previous $270 it offered for the device. When the program first launched, Apple offered only $250 for the device, but as time went on, the maximum value reached $275. While trade-in prices fluctuate, today's price of $225 is the lowest yet.
Apple has made the change to both Canada and US retail store pages, and we expect they will make changes to other countries shortly. Just recently, Apple expanded the program to Italy with plans to bring it to Australia shortly.
iPhones do lose value over time, so it is likely Apple had to adjust the price in order to keep up with the market. Of course, the iPhone 6 launching this fall, so Apple could be preparing for that as well.
For those unaware, Apple's reuse and recycle program allows customers to trade in their iPhone in at Apple stores for credit towards the purchase of an iPhone 5s, iPhone 5 or iPhone 4s. Apple also offers this program for iPads.
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Comments (4)
Comments are closed for this article.
0
Tim - July 3, 2014 at 5:33am
How is this a good deal? They lowered the trade in, not raise. Samsung vs Apple... Lol, just use an old Nokia. Battery lasts a week, and wonk break. Imagine that in a drop test, the guy would be dropping from on top of a building
0
gamerscul9870 - July 3, 2014 at 11:45am
Pfft. How can you be nokia. Besides this guy says it's a deal because it's way cheaper, can't you have some appreciation? Besides who needs lumpia? I know someone who has dropped his iPhone in a case, not one shatter and the battery lasts enough for him so it's perfect, but who wants one that lasts for a week?
0
gamerscul9870 - July 5, 2014 at 1:46pm
He can if her tried that is which when was the last time exactly? LAWLOL
0
gamerscul9870 - July 5, 2014 at 1:46pm
He can if he tried that is which when was the last time exactly? LAWLOL
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