Apple rolls out iPhone trade-in program ahead of next iPhone launch - Indian Express

Reuters : New York, Sat Aug 31 2013, 11:09 hrs Apple Inc will give customers, who wants to trade-in their old iphones, a credit to be used toward the purchase of a new model. Apple Inc has launched a trade-in program in its US retail stores for older models of its iPhone as it gears up for the launch of a new version of the smartphone, it said on Friday. Apple will give customers a credit for their old phones to be used toward the purchase of a new model, an Apple spokeswoman said. A thriving industry exists for older versions of smartphones, especially the iPhone, on websites such as eBay and Gazelle. Even broken iPhones can fetch as much as $125 from vendors, who resell them in the United States and internationally. Gazelle Chief Executive Israel Ganot estimated the used smartphone and tablet market in the United States will reach $14 billion by 2015. "So there's obviously a huge opportunity here for multiple players," he said. Apple shares dipped nearly 1 per cent to $487.46. ALSO READ Mutual funds: Investors must invest with 12-18 months timeline to beat volatility Shocker: Economic growth in India slips further to 4.4 per cent in April-June PM Manmohan Singh pep-talk lifts Sensex by 219 pts to over two-week high, TCS shares hit all-time high Standard Chartered cuts India's FY'14 GDP growth forecast to 4.7 pct Please read our terms of use before posting comments TERMS OF USE: The views, opinions and comments posted are your, and are not endorsed by this website. You shall be solely responsible for the comment posted here. The website reserves the right to delete, reject, or otherwise remove any views, opinions and comments posted or part thereof. You shall ensure that the comment is not inflammatory, abusive, derogatory, defamatory &/or obscene, or contain pornographic matter and/or does not constitute hate mail, or violate privacy of any person (s) or breach confidentiality or otherwise is illegal, immoral or contrary to public policy. Nor should it contain anything infringing copyright &/or intellectual property rights of any person(s). via Technology - Google News http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNHVmvf3O-S9Sf16nlOiZX5q_8F47w&url=http://www.indianexpress.com/news/apple-rolls-out-iphone-tradein-program-ahead-of-next-iphone-launch/1162725/

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