The rumor mill got this one right.
According to confirmation from trusted sources relaying the news via social media, Apple has officially launched its anticipated iPhone trade-in program across the United States.
News of Apple’s program comes just as Best Buy introduces a holiday weekend promotion that offers consumers a 50% discount on the iPhone 5 when a functional iPhone 4 or iPhone 4S is traded-in.
CNBC’s John Fortt broke the news Friday, suggesting in the process that the program is not temporary and will be available at Apple stores throughout the United States as of now.
Word of the trade-in program is far from a shock, however, especially as the month of September looms. As of this writing, Apple is still expected to formally introduce the new iPhone 5S and iPhone 5C on or around September 10th.
In other words, a big season of trade-ins is about to commence.