Rumor: Microsoft to launch iPhone cash trade-in program Friday

Earlier in September, Microsoft launched a program where people could trade in their old iPads in exchange for a gift card worth at least $200 at Microsoft Store retail locations. Now there's word that some Microsoft Stores will start accepting old iPhones for trade as well starting on Friday.

The report comes from Forbes which claims, via unnamed sources, that the credit will come in the form of a Microsoft Store gift card for old iPhone 4s and iPhone 5 models. The idea is for people who get the card to use it for the purchase of a new Windows Phone. So far, Microsoft has not officially commented on the report.

If true, this would be the latest attempt by Microsoft to convince people to trade in smartphones and tablets from Apple and other competitors so they can try out new Microsoft-based products. In addition to the iPad program, Microsoft is working with Clover Wireless on a program that offers up to $350 if a person trades in an older device and then buys a Windows tablet or Windows Phone. Unlike the iPad-Microsoft Store program, the Clover Wireless partnership can be handled via online registration and mailing in the older device.

Source: Forbes | Image via Apple

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