Back in March, Apple finally launched its iPhone Reuse and Recycling Trade-in Program in Canada, allowing customers to trade-in their existing iPhones for a gift card to be used towards a new smartphone. At the time, the maximum trade-in value was $270 CAD and $250 USD.
Apple has made changes to this value today as it decreased to $225, as noted on their retail store pages in both Canada (left) and the USA (right):
The company told us at the time of the program’s launch it was “to assist customers who wish to bring in their previous-generation iPhone for reuse or recycling.”
As for why the values have decreased, as time progresses so do the residual values of iPhones. So it’s not exactly a surprise this number will fluctuate over the course of existing iPhone product cycles.
If you want maximum trade-in value for your iPhone, it’s best to sell it privately on places like eBay, Craigslist or Kijiji. But that takes time and effort, so for those want a more convenient way to trade in your iPhone, the Apple Store can offer you credit towards a new phone—for a price.