Apple Begins iPhone Trade-In Program In China, With Foxconn’s help

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In recent news, Bloomberg reported that “Consumers will be able to take older iPhones to Apple stores in China for credit against the company’s products as soon as March 31, the people said, asking not to be identified as the details aren’t public.”

The publication site went on to say “Foxconn Technology Group will buy and re-sell the phones as part of the program, one of the people said. Natalie Kerris, an Apple representative, didn’t respond to a request for comment. Foxconn declined to comment.”Bloomberg recently reported that Apple is planning to introduce an iPhone trade-in program in China, similar to what’s currently available from the company in the US, UK, India, and other countries. As China becomes one of Apple’s most important markets, the ability to sell more iPhones is said to help even more.

Consumers will be able to take older iPhones to Apple Stores in China for credit for the company’s products as soon as March 31st, this allows customers to upgrade to a new iPhone 6 or iPhone 6 Plus.

The company is said to be partnering with Foxconn, the company that does the majority of manufacturing for Apple. In addition, Foxconn is said to be buying the phones.

Bloomberg notes that Foxconn will repair the devices if needed and then sell them through their e-commerce sites eFeihu and FLNet, and through Alibaba’s Taobao online store.