- Apple has updated its exchange prices for older iPhone models, including the iPhone 11.
- For an iPhone 11 Pro Max in good condition, consumers can get $ 515, up from $ 500, MacRumors said.
- Apple released four new versions of its iPhone 12 in October.
- See more stories on the Insider business page.
Apple has raised the stakes for consumers who exchange their old iPhones for a new one, MacRumors first reported.
The maximum exchange value for an iPhone 11 Pro Max used in good condition is now $ 515, Apple said, an increase of $ 15, MacRumors reported. Meanwhile, the iPhone 11 Pro increased $ 5 to $ 465, and the iPhone 11 rose $ 20 to $ 380, MacRumors said.
The maximum exchange value for the iPhone 6s, a model older than five years, has risen from $ 5 to $ 65.
To exchange a phone, consumers must answer questions about the model, condition and storage of the phone before making a quote and receiving a gift card or money from Apple. Apple last updated its exchange prices in December, said MacRumors.
Apple did not immediately respond to Insider’s request for comment. The complete list of maximum exchange values for old iPhones can be found on the company’s website.
Read More: Apple has just launched a new camera feature for the iPhone 12 Pro that can change the way we think about photography on smartphones
Apple launched four models of its new iPhone 12 in October: the iPhone 12, the iPhone 12 Mini, the iPhone 12 Pro and the iPhone 12 Pro Max. The price ranges from $ 699 to $ 1,099 and each supports 5G.
Insider’s Lisa Eadicicco called the iPhone 12 and 12 Pro a “breakthrough over its predecessors” because of the updated design and updated camera that can see in the dark and also capture RAW images.
With the launch of the new phones, Apple discontinued four others, including the iPhone 11 Pro and iPhone 11 Pro Max, which were launched in 2019. It also shipped the iPhone 8 and iPhone 8 Plus, which were launched along with the iPhone X in 2017, to the cemetery.