Core-Group, The Official distributor of Apple products in South Africa has Announced that it will be reducing the Trade-In payback on the day that was better known as the iPhone day in South Africa.
Core Group had announced the new iPhone Trade-In program shortly after the product showcasing in September of the iPhone 6 and iPhone 6 Plus.The Trade-In values that were initially given were significantly higher than the current Trade-In Values that are now being offered.
The Table Below shows the reduction in the Trade-In values and what you could get for your old iPhone provided that it is in good condition and that it still has all its accessories.
| iPhone | Original Trade-in value | New Trade-in value | Difference |
| iPhone 5s | R5,000 | R4,400 | -12% |
| iPhone 5c | R4,000 | R3,000 | -25% |
| iPhone 5 | R4,000 | R3,000 | -25% |
| iPhone 4s | R2,500 | R2,000 | -20% |
| iPhone 4 | R1,500 | R1,300 | -13% |
Whats more important is that if you are interested in Trading up you should hurry up and get your Trade-In voucher as the Core-Group has stated that "the number of vouchers available at the higher values were limited" the Group went further to say “We have had an incredible response to date with tens of thousands of vouchers downloaded,” the media alert stated. “As a result, only a limited number of vouchers [were] still available at the current high lock-in values.”
Taking the change in Trade-In values into consideration, Does this mean that an actual iPhone 5s that goes new online at the istore website for R7999 now roughly holds a value of R4400 if its in good condition with all its accessories?
What do you think about the Price reduction in the Trade-In Values?
Do you think The Core Group has shot Apple in the leg by ultimately reducing the value of the iPhone 5s on the second hand market?
Leave your comments below.
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