Selling an old iPhone to Apple? You’ll be paid less today than you would have on Wednesday.
Apple debuted the new iPhone 14 series and Apple Watch 8 smartwatches at its September “Far Out” event, followed by minor iPad updates in October. Now that people have traded in their old devices for new ones, Apple quietly reduced the trade-in values for many older devices on Thursday.
When comparing Apple’s trade-in website to an archived version from Wednesday, it appears that the company increased the amount of money you’ll receive if you trade in an older device. Some products haven’t seen as much of a drop, such as the iPhone 13, which is now available for $450 instead of $470. iPads and Apple Watches saw minor price drops as well.
However, Mac trade-in values have fallen precipitously. As MacRumors pointed out, instead of the $1,150 offered yesterday, you’ll only get up to $600 for an iMac Pro. Mac Pros will receive $1,250 (down from $1,550) and MacBook Pros will receive $630 (down from $850). Trade-in prices for iMacs and Mac minis were less dramatic, while the MacBook Air barely dropped at all.
It’s understandable that Apple would offer less money to buy back one of its devices, and not just for wear and tear. Many of the company’s older products now have lower purchase prices. With the release of the new iPhone 14, the iPhone 13, which was priced at $800 when it was released in September 2021, is now available for $700 on Apple’s website.
Apple did not respond immediately to a request for comment.