Apple Offers iPhone Trade-In For New Model

LOS ANGELES (August 30, 2013)—Apple unveils its new iPhone on Sept. 10 and announced Friday it will give customers credit for functioning older models at Apple Stores, which in turn can be used toward the purchase of a new iPhone, which will be activated in the store.

It didn't say how much older phones would be worth, but other brokers such as offer anywhere from $10 for a working iPhone 3G to $350 for an iPhone 5 in pristine condition.

Similar trade-in programs are offered by retailers including Best Buy, Target and Radio Shack.

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