Apple is exploring an update to its smartphone trade-in program allowing users to submit iPhones with damaged touchscreens, cameras or buttons, reports 9to5Mac. The report says an iPhone 5S, for example, could fetch $50, while an iPhone 6 can get $200.
The report says the idea behind the program is to get more customers to buy a new iPhone instead of send in their current device for repairs. Sales of the iPhone during Apple's first quarter were flat, and the company warned this quarter will deliver year-over-year declines in iPhone shipments.
Apple will also attempt to boost iPhone sales with the reported reveal of a smaller smartphone in March. The device will feature a 4-inch touchscreen, unlike the iPhone 6S and 6S Plus with screen sizes of 4.7 inches and 5.5 inches respectively.
By: Brett Molina.
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Emerging Market Formulations & Research Unit, Flagship Records.
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