Update : Since iPhone 5 has been discontinued , there is a new exchange offer for the latest launched iPhone 5c , check it here - iPhone 5c exchange offer .
Did you ever think that Apple (or Redington India , its distribution partner ) will launch an exchange scheme for the new Apple iPhone 5 ? A couple of week back all the online retail stores were showing iPhone 5 as out of stock and now they have launched exchange scheme ! Yeah , right , Redington India has launched such scheme in which you can exchange your old smartphone with the Apple iPhone 5 . In this scheme , there are list of retailers to whom you can go and show your old smartphone** . They will tell you its market (re-sale) value and then you will have an option to buy the new iPhone 5 by paying the difference money (that is Rs.44,500 – resale value of your phone ) and giving your old smartphone . I called a retailer to exchange my iPhone 4 to iPhone 5 and he quoted me Rs.15,000 for my iPhone 4 (but Apple has not listed old iPhone 4 in the exchange offer :)) and Rs.8,000 for Nokia Lumia 710 . It means I have to shell out around Rs.30k more to exchange my iPhone 4 with the new iPhone 5 . (Apple is selling all the iPhone variants at the MRP whereas they are available at discounted prices online ) .
The offer is available on iPhone 5 (16 GB , 32 GB , 64 GB) . The same offer is also available on iPhone 4S (16GB) and iPhone 4 (8GB) .
How much cash discount will I get for my old smartphone ? Minimum Rs.7,000 . You will get cash discount above that if the market value of your smartphone is more than that . There is no fixed market value for a old smartphone but you can get idea about it from your local mobile shop or you can call the below mentioned stores to know estimated price .
**Note : Apple has listed limited number of Smartphones under the exchange scheme :
Check here for more details about the respective Apple Smartphone :
Apple iPhone 5 Price in India
You can avail the offer at various Redington India authorised retailers or the electronics stores like Croma , Ezone , Jumbo , Vijay Sales , Spice Hotspot , Reliance Digital , or the Mobile Store .