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Looking to upgrade your old iPhone 5? Don’t trade it in at an Apple Store

Published Jul 2nd, 2014 7:30AM EDT
iPhone 5 Resale Value

Apple’s next-generation iPhone 6 and iPhone phablet are expected to be significantly larger than the company’s current smartphones. Millions of customers will be delighted by the fact that they can now purchase an iPhone with a bigger display, but millions more don’t want a larger smartphone. For them, now may be the perfect time to upgrade their old iPhone 5 handsets — but trading in your iPhone 5 at the Apple Store for credit toward your new iPhone 5c or iPhone 5s is no longer a good idea.

FROM EARLIER: Internal Apple presentation on the iPhone: ‘Consumers want what we don’t have’

As noted by Apple fan blog iPhone in Canada, Apple has cut the trade-in value for the iPhone 5 to $225 in the U.S. and Canada, which is down from $270.

As phones get older they obviously lose value, so it makes sense that Apple would make adjustments from time to time. A quick look around eBay reveals that people can still get much more than $225 for their old iPhone 5 handsets, however, so those looking to offload them when they upgrade should definitely consider a private sale rather than an Apple Store trade-in.

Zach Epstein
Zach Epstein Executive Editor

Zach Epstein has been the Executive Editor at BGR for more than 10 years. He manages BGR’s editorial team and ensures that best practices are adhered to. He also oversees the Ecommerce team and directs the daily flow of all content.

Zach first joined BGR in 2007 as a Staff Writer covering business, technology, and entertainment. His work has been quoted by countless top news organizations, and he was recently named one of the world's top 10 “power mobile influencers” by Forbes. Prior to BGR, Zach worked as an executive in marketing and business development with two private telcos.