What You Need to Know About the iPhone Trade-In Program

Source: Apple.

The long-rumored iPhone trade-in program at Apple (NASDAQ: AAPL  ) retail locations is officially under way. As long as you own an iPhone 3G or newer, you can go down to your local U.S. Apple retail location and trade in your old device for a credit toward the purchase of a new iPhone. The catch is that you must sign up for a new contract with a mobile carrier and the deal must be done in the same transaction.

In the following video, Fool contributor Steve Heller explains this development and makes a case for why it's likely a good thing for Apple longer term.

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  • Report this Comment On September 04, 2013, at 7:46 AM, jdmeck wrote:

    Will be great for my wife. She has a 4 which is out of contract. She was going to upgrade anyway so this is just icing on the cake.

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