Thus, Apple now buys a used iPhone 14 Pro Max for $630, which was previously priced at $620, which the user wants to replace with a new model. Apple is now offering $90 for the second generation iPhone SE, whereas it was previously $70.
The suggested buyback price will be included in the discount amount when the user purchases a new iPhone.
However, this only applies to iPhone. On the contrary, redemption prices for iPad and Apple Watch fell. For example, iPad usage amount decreased from $260 to $250. The usage price on Apple Watch SE 2 decreased from $125 to $120, on Apple Watch 7 it decreased from $155 to $145, and on Apple Watch Ultra it decreased from $390 to $365.
Source: Ferra

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