On September 10, Apple is expected to announce the newest models of the wildly popular iPhone, expected to be called the 5S and the 5C, which will be released around the holiday season.
Although the iPhone 5S isn’t supposed to differ drastically from its predecessor, an upgrade to a faster processor and a better camera are expected. While the iPhone has only ever been released in black and white, a gold or champagne-plated version has been all but confirmed. There is also chatter that a whole array of colors will be available, similarly to the current variety of iPods being sold.
There is also a rumor that the 5S will feature fingerprint scanning technology for security purposes, eliminating the “slide to unlock” screen that must be bypassed whenever the current iPhone is turned on.
The new iPhone will be accompanied by the iOS 7, which features redesigned icons, a new Control Center and an improved browser.
Half of all current iPhone users have reportedly stated that they plan to upgrade to the new iPhone as soon as it is released. Apple’s new iPhone buyback policy, in which current iPhone users can trade in their used phones for money towards to the new model or store credit, is expected to boost sales quite a bit, especially for those iPhone users who are not yet eligible for an upgrade with their service provider.
Increased sales are especially vital for Apple, as they are facing legitimate competition from the Google Android line of smartphones.
The maximum amount of credit that a trade-in at the Apple store may award has been set at $280. Should the $280 trade-in at Apple cover more than the cost of an upgrade, the remainder could go to store credit on the rest of their products.
Other trade-in programs, however, could net the seller more money than that. For example, sending in a 16 GB iPhone 5 in good condition to Amazon would go for as much as $375, which would presumably put a large dent into the price of the 5S or 5C. The same phone is worth $315 with the trade-in program at Walmart, while one in “perfect” condition would bring in about $350 at Best Buy.
With all these trade-in programs available, college students on a budget have many options to consider when deciding which deal makes the most sense for their current phone plan.
Featured image courtesy of Gold Glory Ltd/Wikimedia Commons.