Apple will reportedly start an iPhone trade-in program in stores this month. Apple hopes that the trade-in program would result in an increase in sales of new models. According to people with knowledge of the plans, Apple has teamed up with Brightstar Corp. to run the trade-in program.
Brightstar is the company who handles trade-ins for AT&T and T-Mobile. Apple will offer money for older model iPhones, boosting sales of new models in the United States and producing a supply of older devices that can then be sold in emerging markets for a profit.
The full details of the program aren't public yet, but the program will reportedly launch this month. Prices paid for working iPhone 4 and iPhone 4S devices are unknown, but could be as high as $200.
- > NEXT STORY: PlayStation 3 to get Diablo III September 3, demo available at E3
- < PREVIOUS STORY: Amazon launches new store front for independent game developers