Those looking to trade in their old iPhone to put towards new Apple products will be glad to know that Apple will be starting a new “Reuse and Recycle” program for iPhones at its retail stores.
The new program will be starting on August 30th according numerous sources and Mark Gurman’s 9To5Mac has all the juicy details on how it will work. Essentially the process goes somewhat like this:
- You walk into an official Apple retail store and let an employee know you want to trade-in your old iPhone.
- The employee will then begin assessing the value of the used iPhone keeping in mind factors like Display quality, button quality, overall hardware damage, engraving, liquid damage, and being able to be powered on and used normally.
- You will then be given a quote on how much your iPhone is worth and if you would like to go ahead with the trade-in you will be asked to sign a terms and conditions form (essentially saying you will not be given an opportunity to get your iPhone back).
- Assuming you go ahead with the trade-in you will be given an Apple Store gift card that must be used towards your purchase of a new iPhone. You cannot use the gift card to purchase another Apple product.
The iPhone 3G, iPhone 3GS, iPhone 4, iPhone 4S and iPhone 5 will be accepted through the trade-in program as long as they are in a functioning condition. The trade-in values are expected to be somewhat below competition with an unlocked, undamaged iPhone 5 16GB going for around $279 and an 8GB iPhone 4 (GSM) going for about $130.
It is expected that the program will first launch in the United States and depending on its success it will then be brought to international markets.
If you are wondering what will happen to the iPhone that you are trading in, it will be put in a plastic bag and then be shipped and processed by BrightStar. The iPhone will then reportedly be kept within the United States for potential resale.
Considering Apple’s CEO Tim Cook expressed concerns that not enough iPhones were being sold directly in Apple retail stores, this is likely an initiative to improve sales.