You'll Finally Be Able to Trade in Your Old iPhone

Sources say Apple's first upgrade program is coming

By Evann Gastaldo,  Newser Staff

Posted Jun 7, 2013 8:20 AM CDT

(Newser) – You know that ancient iPhone 4 from 2011 that you're still saddled with? Well, multiple sources tell Bloomberg that you'll soon be able to trade it in for a discount on the shiny and (relatively) new iPhone 5. It's the first time Apple has allowed such a thing, notes Rebecca Greenfield on the Atlantic Wire; she thinks it's a result of just how much Apple's market positioning has dropped lately—and how scared it is of Samsung. Under the program, said to launch this month, Bloomberg predicts that customers with working iPhone 4 or 4S models may be able to get a basic iPhone 5 for no money down.

An AT&T customer tries out an Apple iPhone 4 at an AT&T store in Palo Alto, Calif., in this Jan. 11, 2011 file photo.   (AP Photo/Paul Sakuma, File)
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