Back in May, Apple increased trade-in values for older iPhones, boosting what iPhone users could get as credit toward the purchase of a new device from Apple’s own website when sending their old device back to the company as a part of the Apple Trade In program.
Today, Apple has unfortunately slashed some of those trade-in values – a move that we saw coming back in May since Apple specifically told us that iPhone trade-in values would only remain boosted through June 18th.
In case you were wondering what the trade-in values for specific handsets were compared to what they are now after the value slash, our friends over at MacRumors have been tracking it. You can have a look for yourself below:
- iPhone 15 Pro Max – now $630, down from $650
- iPhone 15 Pro – now $500, down from $520
- iPhone 15 Plus – now $440, down from $450
- iPhone 15 – now $400, down from $410
- iPhone 14 Pro Max – now $455, down from $460
- iPhone 14 Pro – now $380, down from $400
- iPhone 14 Plus – now $300, down from $310
- iPhone 14 – now $290, down from $300
- iPhone SE (3rd generation) – now $100, down from $120
- iPhone 13 Pro Max – now $370, down from $380
- iPhone 13 Pro – now $300, down from $310
- iPhone 13 – now $250, down from $270
- iPhone 13 mini – now $200, down from $210
- iPhone 12 Pro Max – now $280, down from $300
- iPhone 12 Pro – now $220, down from $250
- iPhone 12 – now $170, down from $200
- iPhone 12 mini – now $120, down from $130
- iPhone SE (2nd generation) – now $50, down from $60
- iPhone 11 Pro Max – now $180, down from $200
- iPhone 11 Pro – now $150, down from $160
- iPhone 11 – now $130, down from $150
- iPhone XS Max – now $120, down from $130
- iPhone XS – now $90, down from $95
- iPhone XR – now $100, down from $105
- iPhone X – now $60, down from $65
- iPhone 8 Plus – now $60, down from $65
- iPhone 8 – now $45, down from $50
As you might be able to tell, most of the trade-in value deductions aren’t particularly substantial, with $5-10 being the average. On some handsets, such as the iPhone 12, the reduction is more substantial at a $30 reduction. That said, while the lowered rates are unfortunate, they shouldn’t be enough to sway people away from using Apple’s trade-in program unless they can get a better deal elsewhere.
Apple’s trade-in program is somewhat unique in that you can buy a device at full price and then receive a refund for the amount of money your trade-in is valued for to the same payment method that you used to buy the new device. Apple also pays back sales tax, so the amount you get back is slightly higher than what’s quoted above.
If dealing with online shopping and shipping isn’t your forte, then you can also initiate an Apple trade-in from any Apple retail store. The process is more instantaneous there, so it might be the right option for some people.
To get a quote for the iPhone you have sitting around that you don’t use anymore, you can head over to the Apple trade-in website.