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Summary:

Apple’s long-awaited in-store iPhone trade-in program begins today. Apple will give you store credit in exchange for your old phone, but you have to sign a contract in order to get it.

iPhone 4S

Widely expected to launch today, Apple confirmed to CNBC that its in-store iPhone trade-in program has officially started. There’s still no information about the program on Apple’s site, but starting today, you can get credit for your old iPhone by bringing it to an Apple store through the iPhone Reuse and Recycling Program.

There’s a bit of a catch. Unlike many other trade-in programs, CNBC is reporting that customers must sign a new contract in order to take advantage of the promotion. This is fine if you were already planning to pick up a new iPhone, but it’s a letdown for anyone that wanted to simply trade their old phone in for some cash or a gift card.

Pricing has not been announced, but don’t forget that Apple has already offered a Reuse and Recycling Program online for quite some time, and not just for iPhones. All you have to do is log into the site and answer some questions about your device in order to receive a price estimate and prepaid shipping options. Apple only offers gift cards to the Apple Store as opposed to cash, but at least you don’t have to sign a contract. And for a rough estimate, the going rate on Apple’s site for a 16GB black iPhone 5 on AT&T in good condition is $336.

In addition to Apple’s programs, there are a number of other stores like Best Buy, Radio Shack and Walmart that will give you store credit in exchange for your old iPhone. And there are plenty of sites online like Gazelle, Glyde and NextWorth, that will happily take your old phone for cash. Just make sure to do some shopping around the find the best rates.

And you may not want to sell your phone to Apple and sign a new contract just yet. Apple is expected to announce two new phones, the iPhone 5S and the iPhone 5C, at at event on September 10.

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  1. SellYourCell.com Friday, August 30, 2013

    The in store trade-in programs usually offer the lowest pricing and credit, not cash. Check out sites like http://www.SellYourCell.com for better pricing in cash and you can also lock in a price today that is held for 30 days. If you wait for the new iPhone to come out, pricing will come down. Of course, eBay and Craig’s list will get you the most money if you don’t mind the risk/hassle.

    1. I checked out SellYourCell.com and found that the price was pretty low and that they didn’t ask any questions about the condition of my phone before giving me a quote. Seems sketchy.

  2. Again, another service only in the US. Apple makes most of its profits outside the US where its services are never as good nor as timely as in the US. Why is that?

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