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Some devices may not be eligible for credit. To trade in a device for credit or an Apple Gift Card, you must be at least 18 The trade-in value can be used towards a qualifying new device purchase or added to an Apple Gift Card. The actual value of the award is determined based upon receipt of a qualifying device that matches the description given at estimate. On the full purchase price of a new device, sales tax may apply. A valid photo ID is required for trade-in in-store. Local law may require that this information be saved. The offer may not be available at all stores and may differ between online and in-store trade-in. There may be additional requirements in some stores. Apple and its trade-in partners reserve all rights to refuse or limit the quantity of trade-in transactions for any reason. For trade-in or recycling eligible devices, Apple's trade in partner can provide more information. There may be restrictions and limitations.
The price is actually the same as last year's iPhone 12 Pro Max, however there are many beefier upgrades that will make the price worthwhile.
You can receive the AT&T Special Carrier Deal if you are an existing customer and you meet all eligibility requirements.