Apple unveils new iPhone XS, XR promotion for trading in old iPhones

Business
Insider

• Apple is currently offering
  up to $100 extra in credit when you trade in an old iPhone for
  the iPhone XR or XS.
• If you trade in an iPhone 6S, for example, Apple will give
  you a $200 credit rather than the usual $100, which you can put
  toward a new device. 
• The offer comes amid reports that sales of the new iPhones,
  the XR and XS, have been lagging. 

If you’ve been mulling over a new iPhone purchase, now’s the time
to go for it.

For a limited time, Apple is offering up to $100 extra in credit
if you trade in an old device through its Giveback program. For anyone with an
iPhone 6, 6 Plus, or 6S in particular, this is a sweet deal:
Apple is offering twice as much credit as it usually does for
those devices.

There’s only one catch: Unlike Apple’s standard trade-in program,
this offer requires that you buy a new device rather than
receiving the amount on a gift card

Mashable was the first to spot
the promotion.

Apple

The deal seems like another clear sign that sales of the new
iPhones are lagging.

Earlier this month, Apple announced it would no longer be reporting
iPhone sales numbers — or sales numbers for any of its
products — on future earnings calls, a move that investors
interpreted as a bad omen for iPhone sales this year.

The Wall Street Journal has also reported that Apple has cut production orders
for all iPhone models, blaming weak demand.

And Foxconn, the Chinese company that makes the majority of
iPhones, is said to be slashing 20 billion yuan, or $2.9
billion, in expenses ahead of what an internal memo said
could be a “very difficult and competitive year,” as Bloomberg
reported.

Still, low demand for the new iPhones spells good news for anyone
looking to buy one, at least for the time being. If you trade in
an iPhone 7 Plus or iPhone 8, you could be looking at as much as
$300 off your new phone.