Apple slashes trade-in values for its iPhones and more

For at least the third time this year, Apple has slashed the trade-in values for its various products. It means that if you’re shopping at Apple during this holiday season and plan to hand over your old device for a new one, the credit you receive will be less than if you’d done it before November 10. Comparing Apple’s current trade-in webpage with an archived version, we see some quite significant changes to maximum trade-in values across its range of products.

For iPhones, the trade-in value largely depends on the the model, storage size, and condition. For example, up until Wednesday, the estimated trade-in value for the iPhone 13 Pro Max was £720, but it’s been cut to £650. The iPhone 13 Pro’s maximum trade-in value has also fallen by £50, from £600 to £550, while trading in an iPhone 13 will get you up to £450, down from £470.

Regarding slightly older devices, the iPhone 12 Pro used to get you up to £430, whereas that’s been cut to £400, while the iPhone 11 Pro now gets you up to £250, down from £300. Several handsets have retained the trade-in value, including the two retired iPhone Mini handsets (12 and 13), which continue to get you up to £250 and £380, respectively. The iPhone SE 2 also continues to get you up to £100.

Looking at some of its other products, we see that anyone trading in an iPad Pro will now receive up to £445, down from £500. The iPad Air’s maximum trade-in value has fallen by £15 to £230, the iPad by £35 to £160, and the iPad Mini by £15 to £240. Computers are also hit, with, for example, the MacBook Pro’s maximum trade-in value now standing at £630, down from £850, and an iMac getting you up to £530 when it used to be £680.

Even the diminutive Apple Watch doesn’t escape the trade-in reductions. For example, handing over your Apple Watch Series 6 will get you up to £105, down from £125, while the SE’s maximum trade-in value stands at £70, marking a £5 reduction. The Apple Watch Series 7 remains unchanged at up to £155.

It’s normal for Apple to take this kind of action, but the timing may irk some customers who had recently budgeted for an Apple purchase with a trade-in as part of the deal, especially as we head into the holiday season when personal finances can be tight.

Of course, you don’t have to trade-in your phone with Apple.

In fact, taking another route will likely result in a better deal. Digital Trends has some excellent tips for selling your iPhone, though the advice can be easily applied to other gadgets, too.

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