BofA: Why Apple is paying less for iPhone trade-ins (Philip Elmer-DeWitt/Apple 3.0 – Philip Elmer-DeWitt)

Philip Elmer-DeWitt / Apple 3.0 – Philip Elmer-DeWitt
BofA: Why Apple is paying less for iPhone trade-ins – From a note to clients by analyst Wamsi Mohan that landed on my desktop Tuesday. Apple lowers trade-in prices again; implies strong demand. Apple recently reduced the trade-in prices for the majority of its models in the U.S., UK and China. This reduction follows a previous round of trade-in price …

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