Apple Announces Its iPhone Trade-In Plan -- Get Up To $280 For An Old iPhone (AAPL)

Starting today, Apple is letting current iPhone owners trade in their older iPhones for up to $280 back in store credit toward the purchase of a new iPhone. This has to be done at an Apple Retail store. There are just a few strings attached to the trade in program: your iPhone has to power on, be free of water-damage, and you have to still be under contract. TechCrunch points out that in order to participate in Apple's program you have to walk out of the Apple Store with a new phone, under contr...