Tags: Apple | iPhone | trade in | smartphone

Apple Rolls Out iPhone Trade-in Program

Friday, 30 Aug 2013 02:37 PM

Apple Inc. has launched a trade-in program in its U.S. retail stores for older models of its iPhone as it gears up for the launch of a new version of the smartphone, it said on Friday.

Apple will give customers a credit for their old phones to be used toward the purchase of a new model, an Apple spokeswoman said.

A thriving industry exists for older versions of smartphones, especially the iPhone, on websites such as eBay and Gazelle. Even broken iPhones can fetch as much as $125 from vendors, who resell them in the United States and internationally.

Gazelle Chief Executive Israel Ganot estimated the used smartphone and tablet market in the United States will reach $14 billion by 2015.

"So there's obviously a huge opportunity here for multiple players," he said.

Apple shares dipped nearly 1 percent to $487.46.

© 2017 Thomson/Reuters. All rights reserved.

   
1Like our page
2Share
Companies
Apple Inc. has launched a trade-in program in its U.S. retail stores for older models of its iPhone as it gears up for the launch of a new version of the smartphone, it said on Friday.
Apple,iPhone,trade in,smartphone
141
2013-37-30
Friday, 30 Aug 2013 02:37 PM
Newsmax Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved