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Trade Your Old iPhone For Cash With Apple Inc. (AAPL)’s Renew Program

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Apple Inc. ’s Renew program pays you in gift cards to recycle old iPads, iPhones, Macs and other products. But, exactly how much can a person expect to be paid for their used devices? A report from Life Hacker has come up with an answer to that.

What to expect from recycled Apple devices

Recycling with Apple Renew is easy. The user has to follow some steps to get a return value. Just go to Apple.com and then to the recycling section. Next, provide some information about the device, its condition, its storage capacity and a few other things. The site will give them a return value.

If your Apple Inc. device is still in decent working condition, then here is what you can expect to get back for recycling various iPhone models, regardless of the carrier or color.

If your iPhone 4s is in a good condition, then expect a $25 Apple gift card for 8GB, 16GB, 32GB, and 64GB models. For iPhone 5, expect a $65 gift card for 16GB, 32GB, and 64GB models. Expect a $60 gift card and $130 gift card for iPhone 5c and iPhone 5s, respectively. For the iPhone 6 and 6 Plus, expect a $320 and $370 gift card. The recycling of iPhone 6s and 6s Plus can get you $420 and $440 gift card respectively for 16GB, 64GB, and 128GB models.

As for the iPads, an iPad Mini can get you a $45 gift card for 16GB, 32GB, and 64GB models (Wi-Fi only). For both Wi-Fi and Mobile-enabled, you can expect a $65 gift card. The iPad Mini 3 and Mini Retina will get you a $175 and $110 gift card respectively, whereas an iPad 2, 3 and 4 will get you a $65, $90 and $110 gift card respectively.

Apple Inc (NSDAQ:AAPL) iPhone SE

A recycled iPad Air or an iPad Air 2 can get you a $165 and $220 gift card respectively for 16GB, 64GB, and 128GB models.

Things to remember

The actual amount you can expect to receive will only be known for certain when the Cupertino-based firm inspects it – the numbers above are only estimates.

If your device has a severely damaged screen, or has been damaged by water, does not power on properly, has a broken or bent metal enclosure, or if any of its buttons are not working, then the amount you receive will be lower. In addition, the site did not mention anything about engraved models, so it is possible that it may affect the value of the device, notes Life Hacker. If the device is messed up pretty bad, then Apple Inc. maker may not offer you anything.

Apple’s Renew Program views he old iPads and iPhones as a sum of the materials inside. It does not matter how much memory it has or what color it is. So, the deal is good, if you have a base version, but if you have a higher storage device, you may get more by selling it outside of this program.

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Aman is MBA (Finance) with an experience on both marketing and Finance side. He has work as a Risk Analyst for AIR Worldwide, and is currently leading VeRa FinServ, a Financial Research firm. Favorite pastimes include watching science fiction movies, playing PC games and cricket.

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