iPhone sales to decline in 2016 but Apple will pick up the slack in 2017 with iPhone 8, analysts say
iPhone sales to decline in 2016 but Apple will pick up the slack in 2017 with iPhone 8, analysts sayReuters

Apple is attracting more customers with a new buyback scheme on the iPhone 6s and iPhone 6s Plus with discounts ranging between Rs 9,000 and Rs 25,000. The shoppers can make the most of the new trade-in offer through select offline retail channels by exchanging their old smartphones for a new iOS-powered device.

The new buyback scheme is valid on select smartphones from brands like Samsung, LG, Sony, Nokia, HTC and Google Nexus. The maximum exchange value for an old smartphone is Rs 25,000, which means the model and condition of the handset plays a major role. The retail outlets participating in the trade-in will evaluate the condition of the device and its warranty status before offering a quote.

According to BGR India, a few participating stores in Apple's buyback scheme include Reliance Digital and Maple. Meanwhile, Chrome is conducting its own trade-in offer. The report added that Samsung Galaxy S6, S6 Edge and Note 5 received highest trade-in value, but other smartphones like LG G Flex, OnePlus 2, Sony Xperia Z3 and others did not match Samsung high-end devices.

Apart from this, online retailer Flipkart is also offering its own buyback scheme where customers can trade their old smartphones for a brand new iPhone 6s and get up to Rs 20,000 discount. The online retailer is also accepting entry-level smartphones for its exchange programme with at least Rs 2,500 value. Upon using SBI credit card, Flipkart is offering a flat Rs 1,250 off on purchase of iPhone 6s.

Assuming you get the maximum buyback value for your old smartphone, iPhone 6s 16GB will cost you as less as Rs 25,000.

All exchange schemes offer maximum value based on the model, condition and the status of warranty of an old smartphone. While it is important to find the best exchange value for your old smartphone, it is equally important to compare the retail price of the new iPhone 6s or iPhone 6s Plus in the store.

Reliance Digital is selling the iPhone 6s for Rs 54,990, Rs 64,990 and Rs 74,990 for the 16GB, 64GB and 128GB variant, respectively. The iPhone 6s Plus starts at Rs 64,990 for 16GB variant and goes as high as Rs 84,990 for its 128GB model. According to BGR, Maple is still selling the iPhone 6s and 6s Plus at its launch price, starting at Rs 62,000 for 16GB iPhone 6s and up to Rs 92,000 for the 128GB model.

By comparison, Flipkart has the best offer online and Reliance Digital's offering in the offline stores is unmatchable.

In the latest revenue report of the fiscal 2016, Apple posted record $75.6 billion revenue with quarterly income of $18.4 billion in the quarter ending Dec. 26, 2015. The growth rate was recorded at just 2 percent and the company expects its first drop in iPhone sales for the first time next quarter in almost a decade.