Apple reduces trade-in value on some hardware

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Apple [on Tuesday] updated its iPhone trade-in site, dropping the maximum trade-in prices of almost all of its trade-in options. Trading in the iPhone 12 Pro Max, for example, will now net you $700, $90 less than it was worth [on Monday].

With Apple’s trade-in program, customers can send in their old devices and receive an Apple gift card that can be put toward the purchase of a new device. Apple regularly adjusts trade-in pricing…

Apple has also dropped trade-in prices for tablets and computers. For tablets, customers can now receive up to $550, down from a previous $580 maximum. For computers, Apple is offering up to $2720, down from $3240. Maximum trade-in prices have not changed from the Apple Watch and users can still receive up to $270.

Via: MacRumors.com