This morning CNET confirmed some of the same rumblings we’ve been hearing from retail tipsters. Best Buy will be offering $150 trade-in value for any iPhone 4 / 4S, yielding a free 16GB iPhone 5 (Sprint, Verizon or AT&T) with a 2 year contract thanks to their current $50 off promo. This deal is only valid in-stores for one day only.
Definitely a solid deal for heavily used, less desirable models (Sprint, Verizon), but be sure to check other trade-in services before heading into a Best Buy store. For instance, Gazelle will pay you $215 for a 64GB iPhone 4S AT&T (good condition), plus another $10 if you use the special 9toToys promo. That’s an extra $75 over Best Buy’s offer. In some cases, Amazon will pay upwards of $300 for an iPhone 4S, so be sure to weigh all your options before jumping into bed with Best Buy.