If you were planning on trading in an iPhone, iPad, Mac or Apple Watch anytime soon, I have some bad news.

As it has been known to do at various points throughout history, Apple has just lowered the value of all its trade-ins, with MacRumors reporting an average drop of around 20%. In other words, the old devices you have rattling around the back of your cabinets aren’t worth as much anymore — not to Apple, anyway.

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iPhone 8, for example, is now only worth $40 — down from $45.

Naturally, newer devices, like iPhone 16e and the iPhone 17 series, are currently ineligible for trade-in. Because what would you buy?

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