GameStop Corp. (NYSE:GME) has announced that it will help fund customers looking to purchase the recently launched Apple Inc. (NASDAQ:AAPL) iPhone 8, iPhone 8 Plus and iPhone X.
The company wants to help customers that might be cash-strapped to purchase the new handsets by offering a credit facility of up to $400 for customers trading in their current smartphones. The launch of the new iPhones saw carriers jump on board to offer credit for trade-ins and GameStop has also jumped on the band wagon of companies offering credit to customers through trade-in programs.
“Trading in electronics like smartphones, tablets, and other consumer electronics and video gaming systems can add up to some serious cash that can be used to help purchase the new Apple iPhones announced today. We’re not talking pocket change. GameStop is ready to pay our customers big money for their electronics,” stated Jon Haes, GameStop’s senior director of Pre-Owned Merchandising.
The company’s trade-in program accepts a wide range of products including smartphones, video games systems, video games, tablets and electronic accessories. GameStop also accepts broken or damaged items even if they no longer work. The iPhone 7 is currently on top of the list as the device that has the highest trade value at $400 while the Samsung Galaxy S8 comes in second at $370. Customers can trade in their iPad Pro for $340 and iPhone 6S for $250. Customers can find out the trade values of other devices on the company’s website.
Some carriers such as T-Mobile Us Inc (NYSE:PCS) have also announced that they will also offer trade in facilities through which customers will also get monthly payment plans. Most of the announcements have been made within a few hours of Apple’s launch event for the new products. The iPhone 8 and 8 Plus only featured a few improvements from the previous generation while the iPhone X stole the show with its massive departure from the previous designs. It also adopted a bigger display that is in line with the current market trend, making it more aesthetically appealing.
GameStop stock closed the latest trading session on Tuesday at $19.53.