If you are an owner of an iPhone 4, iPhone 4S, or iPhone 5, and if you live near an Apple Store location in the U.S. there may soon be an easier way to trade in your phone for a newer model or the upcoming iPhone 5S (assuming you even want to part with the phone in the first place).
According to a report on TechCrunch, Apple has already launched a pilot iPhone trade-in program in some of its stores. The article claims that the pilot program has allowed some iPhone owners to trade in their older products for newer models for the past several weeks. Apple has yet to officially announce this program, but the story claims it could launch in other stores sometime in September.
People who have already participated in the trade-in program state that Apple is offering between $120 to $200 for the 16 GB iPhone 4 and 4S versions. The 16 GB iPhone 5 has a lot more value with the story claiming Apple is offering $250 for one in good condition. That credit is used to help pay for a new device. If there is credit left over, it's put on a gift card.
The older devices are apparently not resold at that same store but are shipped to other locations, with the article speculating that they are sent to emerging markets where they are refurbished and put on sale, presumably at lower prices.
Source: TechCrunch | Image via Apple