https://www.siliconvalley.com/2020/10/18/your-old-iphone-is-worth-big-bucks-heres-why/

Apple this week widened the price range for its flagship smartphones, announcing the iPhone 12 mini at $699 for users who balk at spending over $1,000 for more premium models.

But for people who want to spend even less — in one case, absolutely nothing — to upgrade, Apple and major wireless carriers are doling out big discounts to those trading in their old devices.