Apple offers gift cards for recycling old iPhones

August 29, 2012 3:43:03 PM PDT
Apple is expected to soon-announce its next-generation iPhone.

The company is already offering hundreds of dollars in gift cards to people who wish to recycle their older iPhones and buy a new one.

Apple will offset the price of the new iPhone when it comes out by offering up to $345 in Apple gift cards for an old device. The amount customers get back on a gift card depends on the condition of the iPhone they are trading in using Apple's online service.