iPhone 5 (three-up, profile, front, back, black and white)

In another sign that Best Buy could be clearing stock (or simply enticing customers to pick up an Apple handset), CNET reports the retailer will trade-in your working iPhone 4 or iPhone 4S on Sunday for a $150 credit, which can be redeemed against the purchase of a new iPhone. Given that Best Buy normally sells the entry-level iPhone 5 on a two-year contract for $150, the promotion lets you trade-in your old iPhone and purchase Apple’s latest and greatest handset without paying a dime – of course, excluding the obligatory carrier activation fee and any applicable sales tax…

According to CNET, you must be eligible for an upgrade and activate your iPhone 5 on a two-year contract with Verizon, AT&T or Sprint to take advantage of the offer.

The deal wasn’t available online at post time.

As Dan DeSilva points out over at 9to5Mac, it may not be your best bet as other places offer even deeper discounts. For example, Gazelle will pay $215 for your 64GB AT&T iPhone 4S in good condition, $75 more compared to Best Buy.

And in some cases, DeSilva notes, “Amazon will pay upwards of $300 for an iPhone 4S”.

Best Buy, an important Apple distributor, recently partnered with Samsung on so-called Experience Shops, basically the store-within-a-store concept rolling out to 1,400 Best Buy locations.

Last week, AllThingsD reported that Best Buy is shaving $50 off every iPhone sold through June 29.

  • iHamzaDev

    What are you talking about? Best Buy paid me $300 for my iPhone 4S 16GB and $200 for my iPhone 4. I used those to get myself a new iPhone 5 out of contract.

  • Stephaughn Alston

    Doesn’t Amazon just give you a gift card that you can ONLY use at Amazon?

  • Gorgonphone

    hmmmmm my iphone 5 with clean EMEI is worth $400 lol best but can go to hell

  • Blip dude

    Funny how they don’t mention the $55+ unsubsidized tax that you must pay when buying the phone and the $2400+ contract price tag. Both the iPhone 4/4S are still selling like cakes, Jailbroken and Unlocked on eBay. Even with the Fee it still comes to way more than what Best Buy will offer for something that is clearly worth 2x on the marketplace.

    Sorry to sound like a pissed off old man, but some people really need to know that they could be getting way more if he or she did it themselves.

    • Falk M.

      Preach

  • Falk M.

    Wow… quite misleading, because free means: NO CHARGE.
    Usually trade-ins are HORRIBLE “deals” and I wonder why people even bother other than needing money REALLY quick.

  • Benchmark Apps

    Does the tittle have a spelling error?

  • Chuck Finley

    Can’t jailbreak it, not worth it.

  • John Poole

    Christian, I suppose it’s my fault for not doing due diligence… You mention in this article that this deal is for Sunday (today); however, the good folks at Best Buy (and the CNET article you linked as well) said this was for yesterday. So anyone else who might think of going today, think again.