updated 12:00 pm EDT, Wed October 5, 2011
Covered under Reuse and Recycle program
Apple has begun offering as much as $200 or more for used iPhone 4s as a part of its Reuse and Recycling program. The $200 figure applies to a 16GB iPhone 4 in good condition. For that amount a device must be fully functional, including the battery, and lack any scratches, scuffs, cracks or water damage. A person must also do a factory reset of iOS and supply the power adapter.
The process is being handled through a company called PowerON, which conducts the actual analysis of market value and supplies prepaid shipping. One catch is that money paid out is actually delivered in the form of a gift card, limiting its use to Apple's retail and online stores. $200 is enough, however, to buy a 16GB iPhone 4S on contract.