Apple Inc. has launched a trade-in program in Hong Kong that allows owners of older iPhones and iPads to upgrade to the newest models.
All three Apple stores in Hong Kong will buy back older models, with the proceeds going toward the purchase of the latest device, Apple Daily reported Thursday.
The trade-in price for these older devices depends on their condition. The offer is limited to Apple devices.
An iPhone 5 with some scratches on it could be worth about HK$895 (US$115). An iPhone 4s could fetch up to HK$400 and an iPhone 4 up to HK$300, the report said.
In other markets, Apple has been exchanging the latest iPhones for Android smartphones, Blackberry and Windows handsets.
These include Britain, Canada, France, Germany, Italy and the United States.
A well-maintained Samsung Galaxy S5 could fetch up to 144 pounds (HK$1,651) in Britain which can be converted into a gift card or used toward the purchase of a new iPhone.
Several Hong Kong resellers in Causeway Bay also have trade-in schemes, offering up to HK$1,200 for an iPhone 5, the report siad.
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