Reuters: Technology News: Apple rolls out iPhone trade-in program in U.S. stores

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Apple rolls out iPhone trade-in program in U.S. stores Aug 30th 2013, 18:37 Tweet Share this Email Print iPhone 5 models are pictured on display at an Apple Store in Pasadena, California July 22, 2013. Credit: Reuters/Mario Anzuoni SAN FRANCISCO | Fri Aug 30, 2013 2:37pm EDT SAN FRANCISCO (Reuters) - Apple Inc has launched a trade-in program in its U.S. 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 percent to $487.46. (Reporting by Poornima Gupta; Editing by Jeffrey Benkoe) Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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