Users looking to trade in their iPhone 5 for credit toward a newer model will now get less value out of their old devices. Today Apple cut the trade-in value of the iPhone by $45, from the previous $270 down to only $225. This change comes just days after the program launched in Italy, with Australian stores planning to follow suit soon.
Trade-in values have a tendency to fluctuate, of course. In March of this year the value reached $275. A month before that it was only $250. However, today’s new price of $225 looks to be the lowest this number has ever dropped.