Apple has revised its trade-in values for iPhones, resulting in lower estimated payouts for customers looking to upgrade their devices. As of January 15, 2024, trade-in values for various models have decreased by either $10 or $20, making it a less attractive option for those considering an exchange to fund their next iPhone.
The convenience of Apple’s official trade-in program has made it a popular choice for users wanting to offset the cost of new devices. Customers can quickly exchange their current iPhones for credit towards a new model or an Apple gift card. Although this program saves time and hassle compared to selling directly to buyers, the payout has now become less favorable.
According to a report by MacRumors, the updated trade-in values show a clear trend, particularly among the latest iPhone models. The maximum trade-in value for certain devices, such as the iPhone 16 Pro Max, has dropped from $670 to $650. Similarly, the iPhone 16 Pro’s value fell from $550 to $530, while the iPhone 16 Plus and the standard model have decreased by $10, now valued at $440 and $410, respectively.
Impact on Various iPhone Models
The adjustments affect multiple models, with the iPhone 15 series also seeing declines. Trade-in values for the iPhone 15 Pro Max dropped to $450, while the iPhone 15 Pro is now valued at $380. The iPhone 14 Pro Max and Pro are now worth $350 and $280, respectively.
Beyond the newly released models, the iPhone 13 Pro Max has seen a significant reduction, falling from $300 to $280. Other models with decreased trade-in values include the iPhone 13 mini, now valued at $140, and the iPhone 12 Pro Max, which has dropped to $210.
For those interested in the full list of updated trade-in values, Apple provides this information on its official website. This adjustment underscores the rapid pace of technological advancement and the depreciation of older models, which can leave consumers feeling pressured to keep up with the latest releases.
As iPhones continue to be a significant investment for many, understanding the implications of these trade-in value changes is crucial for consumers planning their next upgrade.
