Apple Slashes iPhone Trade-In Values in Latest Program Update

Apple has adjusted its device trade-in program. The company reduced maximum values for many iPhones this week. The changes affect recent and older models.

According to Bloomberg, the move is a standard market adjustment. Most iPhones, including the newest iPhone 16 series, now have lower trade-in credit. The 12-inch MacBook is no longer accepted.

Detailed Look at the New iPhone and iPad Values

The iPhone 15 Pro Max saw one of the biggest drops. Its maximum value fell from $630 to $470. The standard iPhone 15 also decreased from $400 to $310.

Older models like the iPhone 14 series were not spared. Even the third-generation iPhone SE dropped in value. In contrast, the iPad Air received a slight increase to $415.

Broader Impact on Mac and Apple Watch Trade-Ins

The changes extend beyond iPhones and iPads. Mac and Apple Watch values were also updated. The Mac Pro’s value saw a significant, unusual increase.

Most Apple Watch models now offer less credit. The Apple Watch Series 10 dropped from $175 to $160. This impacts customers looking to upgrade their wearables.

The latest Apple trade-in values reflect current market conditions. Savvy shoppers should compare all options before committing. These Apple trade-in values determine the real cost of your next upgrade.

Info at your fingertips

Which iPhone lost the most trade-in value?

The iPhone 15 Pro Max saw the largest decrease. Its value dropped by $160. The iPhone 15 Pro also fell by $100.

Did any device values increase?

Yes, the iPad Air value increased slightly. It went from $400 to $415. The iMac and Mac mini also saw value bumps.

Is the 12-inch MacBook still accepted for trade-in?

No, Apple has stopped accepting the 12-inch MacBook. It was previously valued at up to $60. This model is now completely removed from the program.

How does this affect Apple Watch upgrades?

Most Apple Watch models now have lower trade-in credit. The Series 10 and Series 9 values both decreased. This makes upgrading more expensive for watch owners.

Why does Apple change trade-in values?

Apple adjusts values based on market demand and device condition. Older models depreciate as new technology emerges. These regular updates keep the program aligned with resale markets.

Trusted Sources

Bloomberg, Reuters