With the iPhone 5 right around the corner, you’re probably thinking about selling your iPhone 4S to raise some cash for your new purchase. One of the best ways to do that might be to sell it back to Apple. The Cupertino company is currently offering up to $345 for the iPhone 4S, depending on its condition and specifications, as part of its Reuse and Recycle Program.

Apple has extended its electronics recycling program to introduce a new “reuse” option that provides users with the option of selling their old iOS devices and Macs back to the Cupertino company in return for an Apple gift card.