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. The change is visible on websites for both United States and Canada Apple Stores, but it is likely that stores in other countries will see changes in local currency equivalents. This change comes just days after the program launched in Italy, with Australian stores planning to follow suit soon…
After launching a new iPhone trade-in program through its retail stores in the U.S and UK and another initiative in India, Apple appears to be planning even more trade-in programs in emerging markets. A new job listing posted on the company’s website seeking a Reuse (Trade-In) Worldwide Program Manager is looking for someone to assist in “developing and implementing programs in emerging markets, with emphasis in APAC and ALAC, while enhancing current EMEIA and North American programs.”
That sounds a lot like Apple is planning to launch new trade-in programs in some of its emerging markets across Asia Pacific (APAC), Latin America and the Caribbean (ALAC). Apple describes the trade-in programs as a “mega trend” and lists its objectives as increasing its share of the used electronics market and “reducing the flow of Apple-branded materials into unauthorized markets, which tarnish the Apple Brand.” The job listing adds, “Scaling these programs to keep Apple on the leading edge of this emerging mega trend is a priority,” something it has already started doing in recent months with its new retail store trade-in program in the US and UK.
Starting this week the trade-in value for iPhones will no longer be impacted by the phone’s liquid damage indicator, according to Apple retail employees. Previously, if a device’s “liquid contact indicator” was tripped, the phone would be completely worthless as a trade-in under the company’s “Reuse and Recycle” program.
This week’s changes to the program, however, will allow more customers to trade in their devices. However, the company isn’t going to start allowing seriously water-damaged phones for trade-in anytime soon. If there is evidence of liquid under the phone’s display or corrosion in the ports, the phone will still be ineligible for any trade-in value regardless of what the liquid contact indicator looks like.
These changes are only valid in physical Apple Stores, so the new policy won’t affect online trade-in values.
Following our reports detailing the new service, Apple today officially kicked off its new Apple Store iPhone trade-in program that will see customers trading in old iPhones in exchange for credit towards an upgrade to a newer model. The initiative is part of Apple CEO Tim Cook’s new iPhone sales strategy and meant to be “competitive” with other trade-in services, but is it really the best option for getting the most out of your old iPhone before new devices get announced?
The new in-store program will fall under the same Reuse and Recycling marketing Apple uses for its online trade-in system, but for in-store trade-ins it has switched from partner PowerOn to Brightstar to determine the value of iPhones and handle the trade-ins. Apple employees are even encouraging customers to take advantage of the new trade-in offer when bringing in a damaged device to their local Apple Store, but we’ve found other services are currently offering much more for your used iPhone in good condition. Read more
Apple is beginning final preparations to launch an iPhone trade-in program in its retail stores by next month, according to sources with knowledge of the initiative. This trade-in program will allow customers that own earlier versions of the iPhone, such as the iPhone 4S, to bring the phone into an Apple Store and exchange it for a new iPhone model, like the iPhone 5, at a discounted price…
Update: Gazelle has announced an extended 50-day price lock window. That will give you until October 15th to send your iPhone in, but you’ll have to lock in your price before Apple’s September 10th event to take advantage.
With the unveiling of a next-generation iPhone expected on September 10th, it’s once again time to start thinking about trade-in options for your current device. While iPhones typically hold their resale value much better than competing devices, previous iPhone models historically experience a big drop in trade-in value in the 3-4 weeks leading up to an iPhone announcement. That’s highlighted in the chart above showing average decline in selling prices for previous gen iPhones leading up to the iPhone 5 launch.
With reliable reports of the next-gen iPhone coming early next month (no word on if that means the rumored iPhone 5S, 5C, or both), now is the time to get the most for your iPhone if you plan on upgrading when Apple’s new device finally becomes available. Apple is testing its own trade-in program that should launch in the coming months, but until then we’ve put together a chart showing where to get the most out of your device today: Read more
This upcoming Friday and Saturday, Best Buy will hold an iPad trade-in-program, the company told AllThingsD. The promotion will give at least a $200 gift card in exchange for iPad 2s and third-generation iPads. The iPad-focused promotion is reportedly in response to the successful iPhone version that occurred last month.
Update: the Best Buy iPad Trade-in Sale has gone live, below:
Update: The no-contract, Virgin Mobile iPhone 5 and promotional discounts are now live on RadioShack’s website.
We reported last week that the iPhone 5 would be coming to Virgin Mobile tomorrow starting at $549.99 on its usual no-contract, $30/month unlimited plans. RadioShack will be one of the first to carry the device and is also planning to offer a number of promotional discounts to celebrate the launch.
RadioShack will start carrying the Virgin Mobile iPhone 5 tomorrow both online and in-store for $549.99 (that’s for the 16GB model), but will also be offering $50 for eligible trade-ins until the end of next month. On top of the same $50 trade-in for iPhone 4S and iPhone 4, the retailer is also slashing prices on those two devices to $399.99 and $299.99 until July 6th.
Virgin Mobile will have both the black and white versions of the iPhone 5 available on its monthly no-contract plans starting at $35/month and its $30/month auto pay plan. Read more
Avid, maker of the music industry’s leading digital audio workstation software called Pro Tools, has officially announced its first Thunderbolt interface for Pro Tools with the new Pro Tools|HD Native Thunderbolt interface and PCIe card. Thanks to Thunderbolt, Avid says the new Pro Tools|HD Native provides the “highest performance and lowest latency of any native DAW” yet. As usual, Avid bundles your choice of either the Thunderbolt interface or PCIe card with its Pro Tools HD software, and you will also get a choice of a Pro Tools HD Series audio interface including either the HD OMNI or HD I/O.
In addition to an “audiophile-grade headphone output” powerful enough to drive high impedance headphones, a few of the benefits of the new Thunderbolt interface according to Avid:
Unlike USB- or FireWire-based DAWs, which are inherently prone to latency, Pro Tools|HD Native employs either a high-speed Thunderbolt interface or PCIe core card to connect Pro Tools HD Series interfaces with your laptop or desktop computer. By eliminating distracting monitor latency while recording, increasing your I/O capabilities, and providing 64-bit floating-point processing for more headroom and a higher mix resolution, you get a professional native solution that meets the highest audio standards.
If you plan to trade-in your iPad 2 and pick up a third-generation iPad when it launches on Friday morning, Apple is now giving you another option by offering up to $320 in trade-in value (Apple Store gift cards) for an iPad 2 depending on the condition and model. To get the full $320 from Apple’s Reuse and Recycle program, you will need a 64GB Wi-Fi + 3G model in near perfect condition. On the entry-level 16GB Wi-Fi model, Apple is offering $205. Before the new iPad unveiling, we told you our Top 10 places to trade an iPad for cash or credit, and a few of those options are still providing slightly more than Apple in many cases.
A quick look at a couple of the other popular options—Gazelle and Amazon—will get you just over $400 for an AT&T 64GB Wi-Fi + 3G iPad in “flawless” condition, which is quite a bit more than Apple is offering. Of course, for your iPad to qualify for that much, it will have to “look like it has never been used,” according to Gazelle. Some listings on Amazon are as high as $450. Those options also give you alternative payout methods. In the case of Gazelle, you will be able to get your trade-in value by check, PayPal, or an Amazon gift card. Trade-in values will likely start to fall after the new iPad’s rollout, but Gazelle told us it has seen a 700-percent increase in trade-ins since the new iPad announcement with over 150,000 iPad offers in total so far. Apple’s announcement that the iPad 2’s new $399 price tag was great for education and it certainly did not hurt demand for the iPad 2.
Before you sell your iPad, you will want to get it prepared, cleaned, and packed to get the maximum trade-in value. After the break, you will find step-by-step tips for doing exactly that, courtesy of Gazelle: