In an exciting development for iPhone users in the US and Canada, Apple is rumored to be launching a limited-time promotion that offers higher trade-in values for older iPhone models. According to Bloomberg's Mark Gurman, the promotion is expected to begin next week and will run until June 3.

While Apple has not officially confirmed the promotion, Gurman reported that customers visiting Apple stores during the promotional period will have the opportunity to receive enhanced trade-in credit when upgrading to any model in the iPhone 15 lineup.

Apple's trade-in program, which lists the estimated values on its website for iPhone models dating back to the iPhone 7, typically offers trade-in values based on the age and condition of the device. Current estimates suggest that older models like the iPhone 7 fetch around $50, while a more recent model like the iPhone 14 Pro Max, released just over a year and a half ago, may have an estimated trade-in value of up to $630.

However, it is worth noting that the final trade-in values may vary from the online estimates. Apple's temporary value boost for trade-ins during this promotional period remains undisclosed, leaving customers curious about the potential increase in trade-in values.

This promotion comes as a timely opportunity for iPhone users who have been contemplating an upgrade but have been holding onto older models. With the potential for increased trade-in values, customers can invest in the latest iPhone 15 lineup and take advantage of Apple's latest cutting-edge features and technologies.

Apple's trade-in program has been a popular choice among customers, offering a hassle-free way to upgrade to the newest iPhone models while minimizing the financial burden. By providing increased trade-in values, Apple aims to encourage its loyal user base to transition to its latest offerings.

As the promotion is expected to start this Monday, Apple enthusiasts eagerly await further details from the tech giant regarding the criteria for enhanced trade-in values and the process for availing this limited-time offer. iPhone users are advised to visit their nearest Apple store to learn more about the promotion and how they can benefit from this exciting trade-in opportunity to upgrade their devices.

Disclaimer: This news article is based solely on the information provided by Bloomberg's Mark Gurman, and there has been no official statement from Apple regarding the rumored promotion for increased trade-in values.