Apple’s new plan lets you trade in old iPhone for an upgrade

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Apple is investigating battery issues for the iPhone 6s.
Upgrading has never been more tempting.
Photo: Buster Hein/Cult of Mac

Apple is launching a new strategy to get customers to ditch their old iPhones for a new model by combining aspects of its two upgrade programs to create the “Trade Up With Installments” plan.

The new program lets customers trade in an old iPhone or Android (they’ll even take Windows phones if you can find one). Apple will then apply the value of the old device toward a new iPhone and let you pay off the rest of the purchase price over 24 months.

Apple slashes maximum iPhone trade-in value to $225

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Smartphones await their fate at SIMS Recycling Solutions' mega-shredder facility in Roseville, California. Photo: Jim Merithew/Cult of Mac
Photo: Jim Merithew/Cult of Mac

If you had an old iPhone you planned to trade in for a discount with Apple, you may have missed the chance to maximize your reimbursement. That’s because Apple has slashed the maximum value for old handsets on its iPhone trade-in program to $225 — representing a decrease of $45.

The change is reportedly set to come into effect at Apple Stores in the U.S. and Canada, and will likely roll out to other international retail venues after that. So far, Apple’s iPhone trade-in scheme operates at retail stores in the U.S., United Kingdom, Spain, Germany, France, and Italy.

Microsoft Is So Desperate For You To Ditch Your iPhone It Will Happily Buy It Off You

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Nothing makes Microsoft happier than seeing an iPhone user ditch their device for a Windows Phone smartphone. In fact, the company will even buy your iPhone off you if you promise to make the switch.

Starting this Friday, you’ll be able to take your old iPhone 4s or iPhone 5 into select Microsoft stores across the U.S. and Canada and receive a minimum of $200 in-store credit for a new Windows Phone device. The move comes weeks after Microsoft kicked off an iPad trade-in program to encourage consumers to switch to its Surface tablet.

RadioShack Joins The Trade-In Craze, Offering $250 For Your iPhone 5

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Well look at that! Just one day after Apple announces that it’s going to replace the iPhone 5 model with not one, but two new iPhone models, the iPHone 5c and the iPhone 5s, RadioShack has jumped into the fray with a new trade-in program.

Cult of Mac got an email today from the electronics retailer, which said it wanted to share the current trade-in values, as well as discounted prices, for older model iPhones. All you need to do is visit RadioShack’s Trade and Save website to check on the value of your own device, and then bring it in to the nearest RadioShack (or send it in via an online process) for trading.

Just In Time For New iPhones, Walmart Launches Its Smartphone Trade-In Program

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If you’re hoping to pick up one of Apple’s new iPhones next Friday, but you need a little cash to put towards it, then it might be worth heading down to your local Walmart with your old smartphone. The retailer is set to launch its own smartphone trade-in program, which will give you between $50 and $300 when you hand over your old device and sign into a new plan.

Apple Confirms iPhone Trade-In Program Available Nationwide Today

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iPhone 5 Apple Store

Apple has confirmed to CNBC that a new iPhone trade-in program will be available in Apple Stores across the United States today — less than two weeks before the Cupertino company is set to announce the iPhone 5S and iPhone 5C.

Customers will be able to exchange their old Apple smartphone for a gift card, which can then be redeemed against a new device with a new two-year contract.