Overnight Apple has chopped estimated trade-in values on a variety of products. It means that users will get less money for their old products when they try and trade them in with Apple.
Note to Cupertino: When people talk about wishing that Apple would cut prices on their products, this isn’t what they generally mean!
The biggest trade-in price cut in the U.S. was to Apple’s iPad range. The largest of these was to the iPad mini, which declined 40% from $120 to a maximum of $80. The iPad Air, meanwhile, declined 35% to a maximum of $70. Previously, Apple was willing to pay $100.
The largest iPhone price cut was to the iPhone 7 Plus. Apple will pay up to $150 for traded in handsets. That’s 28% below their previous $200.
Read more at CultOfMac.com