Apple’s iPhone trade-in program was previously detailed and said to be launching near the end of this month. Now Apple has officially confirmed what they are calling the iPhone Reuse and Recycling Program. It is limited to the United States for now and is powered in part by BrightStar.
This program is aimed at increasing iPhone sales at Apple’s own retail stores which currently comprises about 20% of all iPhones sold.
— CNBC (@CNBC) August 30, 2013
And this is what an Apple spokeswoman had to say:
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.
9To5Mac, originally the ones to report on how the program works, stated, “The trade-in process can be conducted on the store floor, or at the Genius Bar. Apple will not be heavily promoting the program with marketing signage (as of now), but Apple Store employees have been instructed to recommend the program to applicable customers.”
Right now the trade-in value that you will get for your used iPhone 3G, 3GS, 4, 4S and 5 is slightly lower than the competition. You will get on average about $250 for a 16GB iPhone 5 in good condition and $130 for a GSM 8GB iPhone 4.
It is worth noting that when you trade in an iPhone, the credit MUST be used towards the purchase of a new iPhone and cannot be put towards another Apple product.