Apple today updated its website to promote a monthly payment option for iPhone XR and iPhone XS trade-ups in the United States.
With the trade in of an older iPhone at an Apple Store in the United States, customers can get a new iPhone XR for as low as $18.99 per month or a new iPhone XS for as low as $29.99 per month for 24 months as part of a limited time promotion.
Paying in full remains an option, with the iPhone XR and iPhone XS starting at $449 and $699 respectively with the trade-in of an iPhone 7 Plus or iPhone 8. Trade-in values are up to $100 higher than usual as part of Apple's promotion, which doesn't have an end date in the U.S. yet but ends February 28 in Asia.
The monthly payment trade-in option is not available online. There is zero interest collected and a credit check is required.
Apple has been heavily promoting iPhone XR and iPhone XS trade-ins with a banner on the homepage of its website, store signage, emails to older iPhone users, and more since shortly after the smartphones launched last year.
Earlier this month, Apple slashed its revenue guidance by up to $9 billion for the first quarter of its 2019 fiscal year. In a letter to shareholders, Apple CEO Tim Cook said the company is undertaking and accelerating multiple initiatives to improve its results, including making it simple to trade in a phone at its stores.
