Apple Launches iPhone Trade-in Program in U.S.

Starting Friday, all U.S. Apple stores will allow iPhone users to trade in their older-generation phones for a credit that can be applied towards the purchase of a newer model.

The announcement comes a few weeks before Apple releases the next generation of iPhone, expected to hit stores September 20. There are many rumors swirling around the new iPhone: there's a chance it will have a fingerprint scanner to prevent anyone but the owner from unlocking it, and it might be gold — sorry, "champagne" — colored. As Bustle reported:

Apple had already quietly launched an online recycling program, and the new buyback program will compete with others from outside partners, as CNBC reported:

The various programs differ greatly in scope, and often depend on the condition of the phone being traded in. At Best Buy, an older phone gets you a $100 or $200 gift card, according to PC Mag.

But you can still make way more money by putting an iPhone up for sale online. A search for the iPhone 5 shows that most phones are going for more than $400 on Craiglist — double what a very generous buyback from Best Buy would get you, and in cold, hard cash.

If you're still looking for a yearly-upgrade plan, though, you can check out Bustle's comparison shopping roundup here.