The iPhone 12 launch is right around the corner, and anticipation for Apple’s newest smartphone is growing. Ahead of the expected launch, Apple reduced the trade-in value of previous-generation iPhones, including more recent models like the iPhone XR and XS.
The maximum trade-in value is the highest amount Apple will pay when a person trades-in an older iPhone to upgrade to a newer phone. To get the maximum amount for an older phone, the trade-in phone must be fully functional and in excellent condition.
Over the past week, the maximum trade-in values that Apple is offering to customers has dropped without warning.
This price change affects almost all phones, with newer models taking the biggest hit.
The trade-in value for Apple’s more recent phones like the iPhone XS has plummeted by $50, while older phones have seen their reimbursement amount fall between $5 to $20.
- iPhone XS Max: Was $500, now $450 (down $50)
- iPhone XS: Was $420, now $370 (down $50)
- iPhone XR: Was $300, now $270 (down $30)
- iPhone X: Was $320, now $280 (down $40)
- iPhone 8 Plus: Was $250, now $220 (down $30)
- iPhone 8: Still $170 (no change)
- iPhone 7 Plus: Was $150, now $130 (down $20)
- iPhone 7: Was $120, now $110 (down $10)
- iPhone 6s Plus: Still $100 (no change)
- iPhone 6s: Was $80, now $70 (down $10)
- iPhone 6 Plus: Was $50, now $45 (down $5)
- iPhone 6: Still $30 (no change)
- iPhone SE (1st generation): Still $30 (no change)
Because of the changes in these trade-in values, the price on the iPhone 11 also has climbed on Apple’s website.
Apple previously advertised the iPhone 11 as being $449 with a trade-in, using the value of the iPhone 8 as the typical trade-in phone. Now that the company has lowered the amount it is paying for the iPhone 8 by $30, the cost of the iPhone 11 has jumped to $479.
Apple is expected to unveil the iPhone 12 this fall at its annual September press event. The next-generation iPhone 12 is rumored to have 5G connectivity, an OLED display, a triple-lens camera with a LiDAR scanner, and the latest A14 chipset.
It likely will debut in four sizes – a 5.1-inch entry-level model, a 6.1-inch entry-level model, a 6.1-inch Pro model, and the king-sized 6.7-inch Pro Max.
Pricing for the phones may start at $649 and could climb to the over-$1000 mark for the Pro models. The iPhone 12 likely will go on sale a few weeks after the announcement, though conflicting rumors hint at a possible delay.