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Apple has heavily promoted their trade-in program in recent years, encouraging users to give up their old iPhone in exchange for a discount on a new model. Over a third of Apple Store customers now utilize this program, but its left many people wondering why Apple even wants our old iPhones. Which is what Ill explain right now. Its no coincidence that Apple began offering discounts with trade-ins in 2013, when they experienced their first quarterly profit decline in a decade. And started aggressively promoting the trade-in program in 2017, when they released the $1,000 iPhone X. It solved two problems the company faced: Slowing iPhone sales due to market saturation, and users waiting longer to upgrade due to the iPhones price rising year after year. Trade-ins bring down the devices price and allow more users to upgrade sooner. But what does Apple do with all those old iPhones? Well, if its in good working condition, they refurbish the device and resell it in emerging markets like