Just yesterday, we have told you that Apple is going to launch iPhone trade-in program at its own stores this September. Now the details about this program are leaked. 9to5Mac reports that this trade-in program will be titled as "iPhone Reuse and Recycle Program" and it is starting on August 30th in select stores. Though the program will start this Friday in selected Apple Stores, but it will be available all over U.S. in the month of September.
Other details of this program reveal that both standard and business customers can exchange their active on-contract old iPhone models. Apple Store employees will provide the value of old iPhone model on the spot via their EasyPay devices. Then customers will be given a new iPhone with a gift card against value of the old price that can not be used to purchase other products but new iPhone.
Only 3G and above versions of iPhones are accepted in this "iPhone Reuse and Recycle Program." The old traded in iPhone models will be shipped to BrightStar for processing. But Apple is not going to send these recycled iPhones into emerging markets. Instead, these recycled old iPhones will be available for use only in the United States.