Apple Inc plans to introduce a trade-in program for iPhones in China in association with the Foxconn Technology Group, Bloomberg reported, citing people familiar with the effort.
Under the program, consumers will be able to exchange older iPhones at Apple stores in China for credit against the company’s products starting 31 March, Bloomberg reported.
Chinese demand for larger-screen iPhones helped fuel Apple’s record profit of USD18 billion in the final quarter last year.
