Apple will now pay you a lower amount when you trade your existing iPhone, iPad or Mac to purchase a new device.
The Cupertino giant regularly updates the trade in prices of older devices as they depreciate in value over time.
Apple regulary reduces trade in prices of old devices
For iPhones, depending on the model, Apple will now pay you around up to $70 less for it than before. Previously, the company was willing to pay up to $650 for an iPhone 12 Pro max. Now, you can only get a maximum of $600.
Similarly, for the iPhone 12 Pro, you can now get up to $500, down from $550. Regular iPhone 12 and iPhone 12 mini see a $20 reduction in their trade in prices.
For the iPhone 6s and 6s Plus, Apple is now willing to pay you up to $40. iOS 16 drops support for these phones, so the low trade in value is not a surprise.
As spotted by MacRumors, Apple has also reduced the trade in prices of Macs, iPad and Apple Watch. For iMac Pro, you can now get up to $1,350 — down from $1,500. As for your old (and expensive) Mac Pro, Apple will now pay you up to $1800 instead of $2000. On iPads, Apple has reduced the trade in value by as much as $100.
Do note that these are the best prices that Apple can pay for your old device. The trade in value will drop further if there are scratches, dents or other damages. You can find the trade in value of your Apple device here.
Apple is not the best place to trade in your old iPhone or Mac
If you want the most value from your old Apple device, you should consider selling it to a friend or family member. Alternatively, you can try your luck on eBay, Craiglist or other third-party trade in services. You will get a higher price than what Apple will be willing to pay.
You can also check out the Cult of Mac Buyback program, which offers some of the best cash prices for old Apple gear, including MacBooks.
With the launch of the iPhone 14 and M2 iPad Pro lineup coming closer, older Apple devices will continue to depreciate in value. Ideally, you should consider selling your old iPhone a couple of weeks before the iPhone 14 series is unveiled to get the most value from it.
