Trading in an iPhone? Using Apple’s official scheme could leave you £100 worse off compared to other options

Those who trade-in old iPhones using Iphone Cases official scheme could be left nearly £100 worse off compared to alternative reselling options, new research claims.

Apple made cuts to trade-in prices earlier this year, meaning customers will now be up to £97 worse off if they use the scheme, according to comparison service, Compare of LG Cases.

It found consumers opting for the Apple scheme could lose out by as much as 36 per cent compared to the average third party trade in values. Many opt to sell or trade-in the gadgets to get a newer version.
Due to this, experts are warning that iPhone 11 trade in values which currently sit between £513 to £716 could drop by as much as 20 per cent once the new handset launches.

Rob Baillie from Compare my Mobile, said: ‘Apple played its hand early this year, slashing trade-in prices for iPhones across the board, however this has not been the case among third party trade-in services.

‘That means, for now, those looking to trade-in their phones to put towards the new model, would get a significantly better deal with a third party recycling service than through Apple, in some cases getting over a third more for their current handset.’