Here is an interesting breakdown of how the program works and whether it is actually a "good deal" for you. How the "Buyback" Works Apple offers two primary paths for your old hardware: Apple Trade In
Apple will absolutely "buy" your old , but it is less of a cash purchase and more of a program. In exchange for your device, you receive either instant credit toward a new purchase or an Apple Gift Card to use later. will apple buy my old iphone