Apple Inc. (NASDAQ:AAPL) will finally unveil the iPhone 6 later on this afternoon, and a few phone carriers are ahead of the game. Sprint Corporation (NYSE:S) and T-Mobile US Inc (NYSE:TMUS)just launched trade-in programs that will save customers serious money.
The Sprint Buyback program offers up to $300 on eligible phones. This offer is also good on phones from other carriers. The trade-in value can be used as a credit or it can be used towards a new phone. If a user finds a better deal elsewhere, Sprint promises to meet or beat the deal.
At this year's annual Robin Hood conference, which was held virtually, the founder of the world's largest hedge fund, Ray Dalio, talked about asset bubbles and how investors could detect as well as deal with bubbles in the marketplace. Q1 2021 hedge fund letters, conferences and more Dalio believes that by studying past market cycles Read More
T-Mobile’s deal may top Sprint’s deal
T-Mobile’s offer is similar to Sprint’s but it offers a little more. The carrier will watch trade-in market prices on a daily basis just to ensure it is offering the best value. If a user finds a better deal from a competitor, T-Mobile will not only match the price but they will offer an additional $50 credit. Sprint’s offer starts today but T-Mobile offer starts September 17th.
There are notable limits and exclusions to the offers. The T-Mobile offer will only allow one trade-in per active line with a total limit of trade-ins per 10 active lines. Sprint allows users to trade in up to three phones per active line and up to five buyback trade-ins a year.
Sprint and T-Mobile compete for trade-ins
Both new offers sound enticing for anyone who wants to sign up with T-Mobile or Sprint. The ultimate decision will have to come down to what carrier offers the better service in that area. Phone shoppers may also want to compare the trade-in offers with the other two major carriers AT&T and Verizon.
The new trade-in programs come just in time for Apple’s iPhone 6 as well as Android’s upcoming devices Samsung Galaxy Note Edge, Sony Xperia Z3, and Moto X. These trade-in offers are ideal for those who want a new phone and save money at the same time.