Apple has reduced trade-in prices as recently as November: Reports

January 30, 2023 By Raulf Hernes

(Image Credit Google)

Highlights:

Apple has cut the trade-in value of iPhones and Apple watches.
The used phone market has become more appealing both for buyers and sellers.
Apple has also reduced the trade-in value of the Apple Watch.

Apple has cut the trade-in value of iPhones by up to $80, as reported by MacRumors on Wednesday. The iPhone 13 Pro Max ($570 trade-in value, compared to $650 before) and iPhone 13 Pro ($470 trade-in value, compared to $550 before) has suffered the most drastic cuts. According to MacRumors, most Android smartphones also saw a decline in trade-in value. Apple has recently cut trade-in values without explaining why and has done so over the years. Devices' decline in value could be one factor in this, and the most recent cut to Apple's trade-in values comes after an abysmal year for smartphone sales. According to market intelligence firm IDC, sales dropped 11.3 percent between 2021 and 2022, and that was the lowest number of smartphones shipped since 2013 (1.21 billion). APPLE

Apple had a 4% decline (226.4 million vs. 235.8 million). The used phone market has become more appealing for both buyers and sellers. IDC predicted earlier this month that used smartphones, including "officially refurbished ones," would grow at a compound annual growth rate of 10.3 percent from 2021 to 2026, up from 11.5 percent in 2021. It's worth noting that most smartphone shipments in 2022 are expected to occur outside of North America. Shopping and refurbished phones are nothing new in the US, and according to IDC, "trade-in continues to play an important role in speeding up update cycles." Bottom line: Apple claims its trade-in programs are suitable for recycling as smartphone upgrades get less and less exciting. The MacBook Pro saw the most significant increase, with a $40 increase in value ($670 versus $630), despite Apple's reduced trade-in values for some phones. Apple has also reduced the trade-in value of the Apple Watch SE ($65 vs. $70) and Series 5 ($65 vs. $70), but you will be paid $5 more for the Series 7 ($160 vs. $155).

By Raulf Hernes

If you ask me raulf means ALL ABOUT TECH!!

Apple has reduced trade-in prices as recently as November: Reports

Walmart's GenAI Search Engine: Challenging Google's Dominance in Retail Search

Introducing the MSI Claw Handheld: Your Ultimate Gaming Companion

Uber Increases In-App Ads, Prompting Mixed Reactions from Customers

Apple's iOS 18: A Leap into the AI Era

Google's Regular Pixel 8 Won't Get Gemini Nano AI

MacBook Air M3 Makes Amends for M2's Storage Blunder

Samsung Unveils the Galaxy M15 5G

Elon Musk's xAI to Open-Source Chatbot Grok

Contra: Operation Galuga - A Modern Run-and-Gun Classic

Musk Confirms X's TV App Arrives This Week

Apple Halts Sales of Latest Watches in U.S. Amidst Oxygen Sensor Dispute

Get 3 Months of Free Spotify Premium – Limited Time Offer for New & Returning Users!

iPhone Users with Google Fi May Now Access 5G

Samsung Galaxy users receives an early Valentine's Day gift

Huawei loses its export license: USA has barred Huawei from accessing the chip supply

What to Expect at Samsung's Unpacked event in February