Apple plans China iPhone trade-in program with Foxconn
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Apple Inc plans to introduce a trade-in program for iPhones in China in association with the Foxconn Technology Group, Bloomberg reported, citing people familiar with the effort.
Under the program, consumers will be able to exchange older iPhones at Apple stores in China for credit against the company’s products starting 31 March, Bloomberg reported.
Chinese demand for larger-screen iPhones helped fuel Apple’s record profit of USD18 billion in the final quarter last year.
Questions & Answers
Q.Which company will Apple be working with on this iPhone trade-in programme?
Which company will Apple be working with on this iPhone trade-in programme?
Apple is collaborating with the Foxconn Technology Group to introduce the trade-in programme. Foxconn will be involved in this effort, according to reports citing people familiar with the plan.
Q.When is the new iPhone trade-in scheme expected to begin?
When is the new iPhone trade-in scheme expected to begin?
Consumers will be able to exchange older iPhones for credit against new Apple products starting from 31 March. This date was reported by Bloomberg, citing informed sources.
Q.What specifically can consumers exchange their old iPhones for under this programme?
What specifically can consumers exchange their old iPhones for under this programme?
Under the new programme, consumers will be able to exchange their older iPhones for credit. This credit can then be used towards purchasing new products from Apple's range.
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