iPhone leaks claim that costs will increase next year, but upgrade prices for all Apple ranges have already become more expensive this month after Apple reduced exchange rates.
Spotted by MacRumors, Apple has slashed trade-in values for Macs, MacBooks, iPads, iPhones and Apple Watches by as much as 50% — the biggest value reduction I can remember.
The most significant changes affect Macs and MacBooks, such as the iMac Pro only valued at a maximum of $600 (compared to $1,150 previously), and the MacBook Pro worth just $630 top end (compared to $850 previously). Apple also no longer accepts the Apple Watch Series 3 as a trade-in.
For iPhones, Apple has reduced trade-in prices by as much as $70, although iPhone XS and XR trade-in values have surprisingly increased by $10. Meanwhile, Android smartphones are now almost worthless. For example, Samsung’s flagship Galaxy S22 Ultra (released in February, starting at $1200) is now worth $320, while a Google Pixel 6 Pro will cost you $95, less than an iPhone 7 battery case. A Pixel 6 is valued at $55, about the same as an AirTag key ring.
Here is the complete list of updated prices for Apple devices.
Apple iPhone New Trade-In Prices
- iPhone 13 Pro Max: Up to $650 (was $720)
- iPhone 13 Pro: Up to $550 (was $600)
- iPhone 13: Up to $450 (was $470)
- iPhone 13 Mini: Up to $380 (was $380)
- iPhone 12 Pro Max: Up to $480 (was $530)
- iPhone 12 Pro: Up to $400 (was $430)
- iPhone 12: Up to $300 (was $320)
- iPhone 12 Mini: Up to $250 (was $250)
- iPhone SE (2nd Gen): Up to $100 (was $100)
- iPhone 11 Pro Max: Up to $330 (was $370)
- iPhone 11 Pro: Up to $250 (was $300)
- iPhone 11: Up to $200 (was $220)
- iPhone XS Max: Up to $200 (was $210)
- iPhone XS: Up to $160 (was $150)
- iPhone XR: Up to $150 (was $140)
- iPhone X: Up to $130 (was $130)
- iPhone 8 Plus: Up to $100 (was $110)
- iPhone 8: Up to $75 (was $75)
- iPhone 7 Plus: Up to $60 (was $70)
- iPhone 7: Up to $40 (was $40)
Apple iPad New Trade-In Prices
- iPad Pro: Up to $445 (was $500)
- iPad Air: Up to $230 (was $245)
- iPad: Up to $160 (was $195)
- iPad Mini: Up to $240 (was $255)
Apple Mac / Macbook New Trade-In Prices
- MacBook Pro: Up to $630 (was $850)
- MacBook Air: Up to $440 (was $420)
- MacBook: Up to $100 (was $175)
- iMac Pro: Up to $600 (was $1,150)
- iMac: Up to $530 (was $680)
- Mac Pro: Up to $1,250 (was $1,550)
- Mac Mini: Up to $305 (was $350)
Apple Watch New Trade-In Prices
- Apple Watch Series 7: Up to $155 (was $155)
- Apple Watch Series 6: Up to $105 (was $125)
- Apple Watch SE: Up to $70 (was $75)
- Apple Watch Series 5: Up to $80 (was $90)
- Apple Watch Series 4: Up to $45 (was $55)
The sweet spot in all of these prices is for two-year-old devices, especially iPhones — with Apple targeting owners who are nearing the end of their contracts.
Before you go out and trade in your old device, however, note that these are all Up to Prices, which means that they apply to devices in indefinite condition (beware case-less owners!). Note: Apple also warns:
“If the condition of the device is different from what you described, we will give a revised value… If you reject it, we will cancel the exchange, return your current device and charge the original exchange. Value on your card.”
My advice is to use a third-party service like eBay, Decluttr or Swappa, where the exchange prices tend to be higher. That said, the simplicity of going straight to Apple is still strong for many.
Either way, unless your iPhone is on its last legs, I suggest waiting for the iPhone 15. Not only have leaks revealed a long list of eye-opening upgrades, but they’re also expected to come with USB-C. If Apple changes ports (as happened with the recent switch from the dock connector to Lightning), the value of previous models will drop. So if you want your new iPhone to be worth something in a few years, wait for the switch to USB-C.