APPLE is making a huge change ahead of the launch of its iPhone 15 which could make you a tidy sum of cash.
The US tech company is raising the maximum trade-in values of older Pro iPhone models, before it releases its latest mobile in September.
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Although, the maximum trade-in values for some other phones, such as the older iPhone 12 mini, have been reduced.
The changes, which can be found on Apple’s website, mainly impact the Pro models.
Non-Pro and pint-sized models, such as the iPhone 12 mini, will see decreases from £173 to £157 (from $220 to $200).
Whereas the iPhone 13 mini will maintain its value in the US at $330 but will see a small rise from £335 to £340 in the UK.
The iPhone SE, which came out in 2020, will also see a fall in value from £79 ($100) to £71 ($90).
Meanwhile, the trade-in values of high-end models, such as the iPhone 11 Pro Max, 12 Pro Max and 13 Pro Max have all increased.
It appears Apple is aiming to cater to customers seeking higher-value devices and the best iPhones.
The UK market will see the largest increases.
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The iPhone 13 will increase from £590 to £640, while the 12 Pro goes from £350 to £420.
Apple phones have a reputation for keeping their value over times, making them an attractive choice for people who prefer to hold on to their devices, instead of upgrading every year or two.
Due to the assurance of having a fixed maximum trade-in value, customers are able to use their phone for three or four years, knowing they can cash in their handset when they are ready to upgrade.
The highly anticipated Apple iPhone 15 and iPhone 15 Pro are set to be released this September.
It will embody the best parts of Apple’s new iOS 17 operating system which will host a range of new perks.
However, once the iPhone 15 and iOS 17 are unveiled in their full forms, the value of older models is expected to plummet.
Three models in particular are forecast to suffer the most: the iPhone 8, iPhone 8 Plus and iPhone X.
This is because they are the unfortunate trio of iPhones to be locked out of this latest system overhaul.
According to the latest figures from US phone retailer SellCell, these iPhones will lose chunks of value once iOS 17 is launched.
SellCell has forecast that values could drop as much as 50 per cent once iOS 17 is released.
Rumours suggest the iPhone 15 may be portless and instead rely on wireless charging.
Onlookers are also anticipating an upgrade to the satellite messaging system that has been patented.
Others have alluded to the device having a titanium frame, an incredibly strong but lightweight metal that will increase the handsets durability.
While it all sounds good, Apple is likely to be keeping a few tricks up its sleeves ahead of the launch later this year.
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