How much is YOUR old iPhone worth? Apple increases trade-in values for some ... trends now
Apple has increased the trade-in value on select iPhone models by up to $80.
Several highest adjustments include the iPhone 12 Pro Max, now worth $480 from $400, and iPhone 13 Pro Max is $650 - up from $570.
Apple has not shared why a boost was added, but increased trade-in values could tempt users to upgrade to the latest smartphone.
However, third-party sites will pay over $100 for your outdated device.
Apple has increased trade-in values for select iPhones - even as new as the iPhone 13 Pro
Apple's trade-in program is a way to offset the cost of purchasing a new iPhone, which the tech giant states is then recycled - but not all models get a second chance at life.
The program's small print states that if phones are 'in good shape' will go to a new owner.'
It is not clear what happens to damaged goods.
To trade in devices, users answer a few questions about the brand, model and condition and will receive an estimated trade-in value.
'If you accept the trade-in estimate in the store, we'll give you instant credit toward a purchase or a gift card you can use anytime,' according to Apple's website.
'If you accept the trade-in estimate online when you purchase a new Mac, iPhone, iPad, or Apple Watch, we'll arrange for you to send us your current device.
'Once we receive it, we'll inspect it and verify its condition.
'If everything checks out, we'll credit your original purchase method and send you any remaining balance on an Apple Gift Card via email.'
The value depends on the condition of the iPhone when it is shipped in Apple's trade-in program. Here is a list of all the trade-in values
However, third-party sites will pay over $100 for your outdated device
Apple's page also notes that the process takes two to three weeks.
'Recycling a device is much faster. As soon as we email you a prepaid shipping label, just send your device to our recycling partner,' according to the company.
Users can also keep accessories like chargers when trading in their iPhones.
Apple urges users to back up and erase data from devices before sending shipping.
There are e-commerce buyers out there that will pay more money for your old iPhones, TechRadar reports.
