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Bottom line: It may be time to replace your old iPhone with an upgrade if you are already considering upgrading it. An additional $ 100 will be awarded for newer devices than the iPhone 6, provided they are in good condition.
Price is definitely a factor in why iPhone users are making less frequent upgrades. Apple has certainly kept the prices relatively stable between the launch of the iPhone 4 and that of the iPhone 8, but the iPhone X has given way to a whole new category of expensive phones.
In order to encourage more users to upgrade their iPhone, Apple offers a higher recovery value if you have an iPhone 6 or newer. Those who own an iPhone 6 Plus, an iPhone 6S or an iPhone 6S Plus record the highest increase in the value of recovery, while those who own an iPhone 7 Plus or iPhone 8 only earn slightly more for their device.
The increased recovery values are only valid when buying a new iPhone XR, iPhone XS or iPhone XS Max. The initial credit amounts can still be obtained in the form of an Apple Store gift card if you simply want to get rid of an old device without buying a new one.
The recovery process can be started online or at an Apple Store, but going to a store will significantly reduce the time required for this process. As always, Apple will check the status of a device before accepting it as an exchange.
Anyone looking to finance the payment of their device can still do so, but its recovery value will be applied to the taxes and fees of its new iPhone. Any residual value after tax will be given as an Apple Store Gift Card, which can not be used to pay monthly payments because third parties run financing programs.
In typical Apple fashion, the agreement is available for a limited time only with no end date specified for the promotion.
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