A new iPhone is expensive, which is why Apple’s trade-in program is so popular. Take your old phone in, and you’re immediately credited towards the purchase of a new iPhone. When it works, it’s sublime. Recently launched in China, Apple’s iPhone trade-in scheme isn’t going so well, it seems. According to a new report, Chinese customers are nonplussed about the offers they’re receiving from Apple, and say they’ve been able to source better deals elsewhere. Apple officially launched the trade-in program to all 18 Apple Stores in China yesterday.
In China, Apple is reportedly offering roughly $240 for an iPhone 5S, $80 for an iPhone 4S, and $40 for an iPhone 4. Private recycling shops in China are doling out roughly twice that amount; $176 for an iPhone 4S, and $463 for an iPhone 5S.
Apple also isn’t appreciating memory options, according to the report. A 16GB iPhone 5S is worth as much as a 64GB version. Consumers say Apple also isn’t willing to budge with regard to quality; a ‘new’ iPhone 5S is still worth up to $240.
It’s not known just why Apple would be offering consumers trade-in values less than what they can get elsewhere, but a recent rumor they’d be partnering with Foxconn on iPhone resales could be the reason.