Apple
- Apple updated its trade-in prices for several old models of the iPhone, including the iPhone 11.
- For an iPhone 11 Pro Max in good condition, a consumer can get $515, up from $500, MacRumors said.
- Apple released four new versions of its iPhone 12 last October.
- See more stories on Insider's business page.
Apple has upped the ante for consumers who trade in their old iPhones for a new one, MacRumors first reported.
The maximum trade-in value for a used iPhone 11 Pro Max in good condition is now $515, according to Apple, an increase of $15, MacRumors said. Meanwhile the iPhone 11 Pro increased just $5 to $465, and the iPhone 11 rose $20 to $380, MacRumors said.
The maximum trade-in value for the iPhone 6s, a more than 5-year-old model, rose $5 to $65.
To trade-in a phone, consumers must answer questions about the model, condition, and storage on the old phone before getting an estimate and receiving an Apple gift card or cash. Apple last updated its trade-in prices in December, MacRumors said.
Apple did not immediately reply for Insider's request for comment. The full list of maximum trade-in values for old iPhones can be found on the company's website.
Apple released four models of its new iPhone 12 last October: the iPhone 12, iPhone 12 Mini, iPhone 12 Pro, and iPhone 12 Pro Max. They range in price from $699 to $1,099, and each supports 5G.
Insider's Lisa Eadicicco called the iPhone 12 and 12 Pro a "step up from their predecessors" because of the refreshed design and upgraded camera that can see in the dark as well as shoot RAW images.
With the release of the new phones, Apple discontinued four others, including the iPhone 11 Pro and iPhone 11 Pro Max, which were released in 2019. It also sent the iPhone 8 and iPhone 8 Plus, which were released alongside the iPhone X in 2017, to the graveyard.
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