Apple will allow Foxconn to buy and sell used iPhones in China

March 26, 2015: As per Bloomberg reports, Apple will allow the buy and sell of used iPhones to it's manufacturing wing Foxconn in China. The launch of trade-in program with Foxconn is keeping in eye of growing demand of resell market in China. The OEM giant will buy the iPhones directly, then it will sell it on a popular sites like Taobao after refurbishing it. This chain may extend to physical store depends on the demand.

This move can be profitable Foxconn depends on the resale value Apple offers for the used iPhones. As per Bloomberg, in US Apple offer $300 for used iPhone 5S 16GB.

Source and Image credits:Bloomberg

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An Electronics Engineer by education, a part-time blogger by passion. He loves everything about technology, hence he writes about it. Interest includes Technology, Startups and Mobile Applications.