Apple Confirms iPhone Trade-In Program Before Rumored iPhone 5S Launch


iPhone5_G10

In a move that seems to be a precursor to Apple’s iPhone 5S launch, the company has confirmed a new iPhone trade-in program that exchanges  your old smartphone for an Apple gift card. The catch– you’ll have to walk out of the store with a brand new iPhone on contract that day.

Apple reportedly told CNBC’s Jon Fortt that the new trade-in program will launch nationwide on August 30. The new effort is similar to Apple’s current exchange policy, but differs in the sense that you’ll be required to purchase a new iPhone with a two-year contract. Details on the program are scarce, but the CNBC report lines up with rumors that have cropped up earlier this week. According to a previous report from TechCrunch, the company would offer $250 in store credit for a 16GB iPhone 5 in good condition. This credit, in turn, would be put toward a new iPhone 5S or iPhone 5C.

MORE: Apple and Gazelle Compete for iPhone 5 Trade-Ins

The news that Apple plans to launch an iPhone trade-in program comes just about 10 days before the company’s purported iPhone event. Apple is expected to unveil the iPhone 5S and low-cost iPhone 5C on Sept. 10, although this has yet to be confirmed. 

While this program may be new for Apple, trade-in deals are fairly common. Gazelle, for instance, offers up to $315 for an iPhone in good condition. When we compared trade-in deals for the iPhone 4 back in 2012, we found that Amazon shelled out up to $415 for your old iPhone. We’re still waiting on more details from Apple, but the company may have to sweeten the deal to allure customers from more appealing trade-in options. 

AUTHOR BIO
Lisa Eadicicco
Lisa Eadicicco
Lisa has been reporting on all things mobile for Laptopmag.com since early 2013. When she’s not reviewing gadgets, she’s usually browsing patent databases or interviewing experts to track down the hottest tech trends before they even happen. Lisa holds a B.A. in Journalism from SUNY Purchase and has contributed to The International Business Times, The New York Daily News and Guitar World Magazine.
Lisa Eadicicco on
Twitter Google+
LEAVE A REPLY
Name*
Email* (will not be published)
Website
*Indicates required field
Comments*
Submit Comments

FIND A REVIEW
Laptops
All Product Types Accessories Cars Digital Camcorders Digital Cameras eReaders GPS Laptops MP3 & Video Players Projectors Smartphones Software Storage Tablets / MIDs VoIP Wi-Fi
All Subcategories
All Subcategories All-Purpose Budget Business Desktop Replacement Gaming Multimedia Netbook Nettop Rugged Student Tablet PCs Ultraportable
Brand
Acer Alienware Apple Archos ASUS Averatec BenQ CTL Corp. Dell Digital Storm eMachines Emtec Everex Fujitsu GammaTech Gateway General Dynamics Getac Gigabyte Hercules HP HTC iBuyPower Intel Lenovo MSI Nokia Nvidia OCZ OLPC OQO Origin Panasonic Sager Samsung Sony Sylvania Systemax TabletKiosk Toshiba Verizon Viewsonic Viliv VooDoo Workhorse PC ZT Systems
Minimum Rating
Any Rating 4.5 Stars 4.0 Stars 3.5 Stars 3.0 Stars
Screen Size
10 11 12 13 14 15 16 17 18 20 4 5 6 7 8 9
Resolution
1024x576 1024x600 1024x768 1200X800 1280 x 720 1280x1024 1280x768 1280x800 1366x678 1366x768 1440x1050 1440x900 1600x768 1600x900 1680x1050 1680x945 1920x1080 1920x1200 800x400 800x480
Weight Range
10.1 - 12.0 pounds 12.1 - 14.0 pounds 14.1 - 16.0 pounds 2 lbs 2 pounds and under 2+ lbs 2.1 - 4.0 pounds 4.1 - 6.0 pounds 6.1 - 8.0 pounds 8.1 - 10.0 pounds Over 16 pounds Under 2 pounds
more options
SUBSCRIBE