Reports online suggested Apple was about to give extra credit on trade-ins, and this has now happened, which comes at a time when excitement for Apple’s WWDC announcements to come is high, Google’s new Pixel 8a is on sale, and the end of financial year sales are approaching – with iPhone 7 Plus and up applicable to upgrade now!

The end of financial year is approaching and you may not realise your old iPhone or other tech devices could be worth hundreds of dollars in value, with that value fluctuating depending on the time of the year, the age of your device, the storage it has and its condition.

Data from Kantar reveals 48% of Australian iPhone users who purchased a phone in the 3 months to December 2023 did nothing with their old device, compared to 32% of customers in the UK. Obviously, some are keeping their old device as a backup. They might pass it on to a family member, sell it on the second hand market, or likely, as the stats seemingly indicate, just leave it in a drawer.

However, the trend towards trading in old devices continues to increase globally and until 3 June 2024, you can get extra trade-in credit from A$50 to A$120, on top of whatever the trade in credit was before this promotion started, when you trade in an eligible iPhone (eligible iPhone 7 Plus or higher) and purchase a new eligible Apple device, for a total trade-in credit ranging from A$110 to A$1,210.

Apple has its T&Cs available to view here and more information on the Apple Trade In program is available to view here – with some added details below, including a screenshot of Apple’s trade-in values, which means no haggling with people

Apple Trade In: 

  • Trade In: Apple Trade In makes it easy to lower the cost of a new iPhone when customers trade in an eligible smartphone. Customers can get credit for their existing or older devices and apply it towards a new one. Trade In can be done either online or at an Apple Store. From today until 3 June 2024, customers can get extra trade-in credit from A$50 to A$120, when they trade in an eligible iPhone and purchase a new eligible Apple device (eligible iPhone 7 Plus or higher), for a total trade-in credit ranging from A$110 to A$1,210.  (T&Cs available to view here). 
  • If customers want save their trade in value for later, Apple notes they :may also be eligible for store credit via an Apple Gift Card to use at any time when shopping for Apple products and services. See here to learn how to prepare an iPhone for trade in.”
  • Recycling: If the device isn’t eligible for credit, Apple says it will recycle it, free. Customers can recycle Apple devices at Apple Store locations and on apple.com.
  • Repair: Apple notes it provides “convenient access to safe and high-quality repair services. In addition to the Genius Bar for hardware repairs, you have more immediate support options.” 
  • Pass it On: Before giving away or trading in a device, customers should first transfer information to their new device, then, if applicable, remove personal information from the old device. Find out more here. As Apple explains, iOS 17 makes iPhone even more personal and intuitive with features to enhance the things you do every day. iOS 17 is available for iPhone XR and iPhone XS (released in 2018) and later models. Whether the XR and XS will get iOS 18 is yet to be seen, but the iPhone 11 and up will.

Check in your country to see if Apple is offering the same deal there. The chart below shows Apple’s trade in prices, circa late May 2024 until June 3, 2024.