Apple to increase trade-in value of older iPhones in new promotion

Apple to increase trade-in value of older iPhones in new promotion

With the iPhone 16 on the horizon, Apple is reportedly taking steps to clear out stocks of the iPhone 15 family of devices.

iPhones older than the 13 models will be worth more in trade-in soon.

Starting on May 20th, Apple will allegedly boost the amount of credit paid for trading in older iPhones towards the purchase of any iPhone 15 model in the US and Canada. The report, from Bloomberg’s Mark Gurman, says the promotion will run until June 3rd.

The boosted trade-in promotion may not apply to very recent models, such as the iPhone 13 and 14 iPhones, and most recent iPhone SE. Instead, Apple is looking to encourage customers who have held on to older iPhones to make the leap to an iPhone 15 model.

Rumor Score: 🤯 Likely

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