Last year, Apple launched its iPhone trade-in program at its retail stores across the United States, as customers could receive up to $250 for turning in an eligible device. Now, iPhone in Canada notes (via 9to5Mac) that Apple has reduced the value of iPhone trade-ins, with customers in the U.S. and Canada now only receiving up to $225. Before the change, the value of iPhone trade-ins had climbed to $275.
The adjustment comes as older iPhones typically lose their value over time, with Apple likely gearing up to launch the iPhone 6 this fall. Apple started the program before the release of the iPhone 5s and iPhone 5c last fall, with the company noting that it would discard of older iPhones in an environmentally conscious manner.
Since then, Apple has expanded the program to a number of countries, including the UK, France and Germany. Alternatively, Apple also offers a mail-in recycling program that allows customers to send in a device for store credit.