iPhones have long been praised for retaining their resale value over years, and Apple itself typically paid quite a lot whenever it launched a trade-in program for a new model.
But the company has apparently had a change of mind recently, so it cut how much it pays for used iPhones, iPads, Apple Watches, and Macs.
When it comes to the iPhone, for example, if you have an iPhone XS Max, Apple is no longer paying up to $600, but only a maximum of $500 if the device is in mint condition. An iPhone XS is now worth only up to $420, down from $500.
An iPhone X no longer has a $400 trade-in value, but is worth just $320, while iPhone 6s’ value dropped from $100 to just $80.
All Apple Watch models have the same trade-in value as before except for the Series 4. Apple now pays $100 for this model, down from $110.
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