Apple’s new iPhone trade-in program, the iPhone Reuse and Recycle Program, will roll out in select Apple stores this Friday, August 30, according to 9to5Mac. The program will roll out on a larger scale in September. Apple store employees will offer a value for an old iPhone 3G, 3GS, 4, 4S or 5 based on display and button quality, hardware and liquid damage, engraving, and if the device powers on and works normally. When trading in the device, customers will receive a gift card with the determined value amount to go toward the new iPhone.
Customers will receive the old SIM card and employees will offer to setup the new iPhone.
As was reported in June, BrightStar will handle shipping and processing. Non-functioning iPhones with no worth will also be recycled through BrightStar. It’s also noted that “trade-in pricing for the iPhones is slightly below the competition.” An unlocked, undamaged 16GB iPhone 5 could net about $279, and an AT&T version of the same iPhone will be worth around $255, both below current Gazelle rates.
A GSM 8GB iPhone 4 “will be worth between $120 and $140,” while the CDMA version will be closer to $80.
Update (Aug. 30): Apple is rolling out its in-store iPhone trade-in program nationwide today, according to a CNBC tweet. It was initially reported that Apple would roll out the program in select stores before a larger rollout, but it now appears the company is launching the program in all U.S.