With the release of the iPhone 5S and 5C looming on the horizon, Apple has begun an iPhone trade-in program at all of its retail stores in the U.S. The program, which is reminiscent of previous Apple trade-in programs looks to put new iPhones in the hands of its customers, while getting some value for their old devices.
In a statement provided to Mashable, an Apple rep had this to say:
“iPhones hold great value. So, Apple Retail Stores are launching a new program to assist customers who wish to bring in their previous-generation iPhone for reuse or recycling. In addition to helping support the environment, customers will be able to receive a credit for their returned phone that they can use toward the purchase of a new iPhone.”
To qualify for the program, customers must have a contract with a carrier, and must get a new phone at the time of trade-in. In other words, if you were thinking of trading in your old iPhone and hanging on to the credit to put twords a iPhone 5S, you’re outta luck. The trade-in amount depends on the model of the device and physical condition. Customers trading in their devices could receive anywhere from $120 to $250 twords the purchase of a new device.