Users looking to trade in their iPhone 5 for credit toward a newer model will now get less value out of their old devices. Today Apple cut the trade-in value of the iPhone by $45, from the previous $270 down to only $225. This change comes just days after the program launched in Italy, with Australian stores planning to follow suit soon.
Trade-in values have a tendency to fluctuate, of course. In March of this year the value reached $275. A month before that it was only $250. However, today’s new price of $225 looks to be the lowest this number has ever dropped.
The iPad, which was recently added to the trade-in program, also retained its value. Last month the company also held an iPhone upgrade event during which the trade-in program was heavily promoted. At that time, the values of the iPhone 4s and 4 were increased to $199 and $99, respectively.
The old trade-in price displayed on Apple.com until July 1st
9to5Mac » AAPL Company http://ift.tt/1vuARun
via Gsm Apple Stores cut iPhone 5 ‘Reuse and Recycle’ trade-in price to new low of $225
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