Apple slashes maximum iPhone trade-in value to $225

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.