As per a report from Bloomberg’s Mark Gurman, Apple is planning to increase the trade-in credit for older iPhones in its program, preferably for customers located in the US and Canada. Although the report does not present exact figures, the increased credit has a slated effective date of Monday, May 20. However, the extended credit offer expressly states that the plan is only applicable to individuals who use it to purchase an iPhone 15 or iPhone 15 Pro model of the same.
More About Apple Increasing Trade-In Values for Older iPhones
It implies that an individual who repairs an iPhone to get an iPhone 14, iPhone 13 Generation, or iPhone SE will not benefit accordingly. Gurman wrote it in an X article: “Starting Monday in the U.S. and Canada, you’ll get an iPhone trade-in value boost at Apple retail stores if you use the credit towards an iPhone 15/Pro/Plus/Max.” He claims that it will act until June 3. At present, Apple pays the following for older iPhones in its trade-in program:
- iPhone 14 Pro Max: Up to $630
- iPhone 14 Pro: Up to $520
- iPhone 14 Plus: Up to $420
- iPhone 14: Up to $370
- iPhone 13 Pro Max: Up to $450
- iPhone 13 Pro: Up to $370
- iPhone 13: Up to $300
- iPhone 13 mini: Up to $270
- iPhone SE (3rd gen): Up to $160
The company’s goal is to encourage people to soon get rid of their old models, and for that, it will be very beneficial to make profits. By increasing the sums paid for the acquisition of the iPhone 15, the manufacturer hopes not only to provide the necessary impetus for the purchase but also to engage as many people as possible with the latest innovations.
Customers using the iPhone 14 and older models are now able to receive the necessary subsidies this way to purchase a new iPhone 15 or iPhone 15 Pro. This will be effective from May 20 to June 3.
