For the second time in two months, Apple has reduced the trade-in value of many of its iPhones and other products.
Spotted by MacRumors, the tweaks are quite significant for some of its handsets.
For example, anyone who trades in an iPhone 13 Pro Max with Apple will now receive up to $570 off a new product, up from $650 previously. In November, just before Apple last adjusted its trade-in deals, the same device was worth $720.
The iPhone 13 Pro also lost $80 in value and will now net you up to $470, while the iPhone 13 loses $50 and will net you up to $400. Completing the iPhone 13 lineup, the mini will net you a maximum of $350, previously $380.
iPhone 12 Pro Max and iPhone 12 Pro also lose value with Apple’s trade-in deals (up to $400, previously $480; and up to $330, previously $400, respectively) , while the iPhone 12 remains unchanged up to $300, as does the mini up to $250.
Trade-in values for older iPhones generally remain consistent with the adjustments made in November, including up to the iPhone 7, which still has a trade-in value of $40.
But it’s not just the iPhone that’s impacted by Apple’s decision to change its trade-in values. Some Macs and Apple Watches have also seen changes.
However, in all cases except the Apple Watch SE, trade-in values actually increased (by a small amount) or stayed the same.
For example, the MacBook Pro will now fetch you up to $670, an increase of $40 from the previous value; the Apple Watch 7 is worth a maximum of $160, up from $155 previously. The Apple Watch SE now gets you up to $65, previously $70, while iPads see no change.
Apple is also accepting select Android phones, and trade-in values for many of them have also been reduced.
For the full list of Apple’s trade-in values, see its website.
It is to be expected that Apple will revise its pricing structure for exchanges from time to time. Last year it made changes three times, so expect several more cuts in 2023, especially as it drops new products.
If you’re considering trading in your iPhone or other Apple device, remember that you have other options than returning it to the company, and you’ll likely get more. Check out these tips for selling your iPhone, although the tips can be applied to other gadgets as well.