Is Apple Giving Customers CASH to Buy the New iPhone?

Apple (NASDAQ:AAPL) has added the iPhone 4S to its Reduce and Recycle program, contributing to the buzz that the next-generation of the device may be coming very soon. The program is designed to let owners of Apple products recycle their device and receive a company gift card in return. Not a bad way to fund the new phone, whenever it comes.

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Several external sellers are also offering trade-ins, including (NASDAQ:AMZN), eBay (NASDAQ:EBAY), and Best Buy (NYSE:BBY). Apple’s highest offer for the iPhone 4S is worth $345, while Amazon is offering up to $500 for the 64GB version of the 4S, according to TheNextWeb. The prices only apply to devices that are in good condition, with no water damage, cracks, or scuff marks. Apple either resells the device as used or reconditioned, or recycles it. The company says it lets service providers determine the device’s value once a customer has mailed it across.

Last year, Apple was offering $200 for a 16GB iPhone 4 after the announcement of the iPhone 4S. According to several reports, the new iPhone will be announced on September 12 and will start shipping on September 21.

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