Today, Apple announced adjustments to trade-in values on several Apple, Android, Mac, and iPad devices. Many of the adjustments reduced trade-in values, including the iPhone 14 Pro Max and iPhone 14 Plus.

For Apple devices, the reductions were not massive: the value of the iPhone 14 Pro Max dropped $10 from $630 and the Apple Watch Ultra dropped $5 from $360.

However, other devices, especially those from rival manufacturers, saw larger reductions. The Samsung Galaxy S22 dropped significantly from $235 to $170. However, this series is two generations behind the current Samsung S24 series.

The adjustments found by MacRumors can be seen on Apple's trade-in website.

If you have never traded in a product with Apple, it works as follows. The table above shows the value of immediate discounts that can be used to purchase an iPhone or loaded onto an Apple gift card.

Trade-in values for various products will likely be adjusted again when the iPhone 16 series is released later this fall.

Apple is anticipating massive demand for the iPhone 16 and has reportedly ordered 100 million A18 processor chips. This is likely because many of the recently announced Apple Intelligence features will not work on older iPhones or iPhones without the A17 chip. However, if the reported AI backlash is to be believed, Apple may be betting too much on the popularity of the iPhone 16.

Still, if the iPhone 16 is in as much demand as Apple thinks it is, it may want to adjust its trade-in value up rather than down.