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Apple Rolls Out IPhone Trade-In Program In U.S. Stores
by Cals Mon 02 Sep 2013, 05:42
Published: Saturday August 31, 2013 MYT 7:04:00 AM
Updated: Saturday August 31, 2013 MYT 7:06:05 AM
Apple Rolls Out IPhone Trade-In Program In U.S. Stores
SAN FRANCISCO: 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.- Reuters
Updated: Saturday August 31, 2013 MYT 7:06:05 AM
Apple Rolls Out IPhone Trade-In Program In U.S. Stores
SAN FRANCISCO: 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.- Reuters
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