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Why does Apple think my M1 Pro MacBook Pro is suddenly worth nothing?

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While I’m waiting for an M3 Pro MacBook, Apple’s trade-in prices are so terrible, they need a rethink.
With the new M2 Pro MacBook Pros finally official, it’s a great upgrade for anyone moving on from an Intel Mac. However, if you’re thinking of trading it in through Apple to knock some of the price off, you might be far worse off than I’ve found with my M1 Pro MacBook Pro.
While I’m holding off for an M3 Pro MacBook Pro, curiosity made me check on Apple’s site about how much my current Mac would be worth to trade in (opens in new tab). I paid $2399 / £2199 / AU$2799 for it back in October 2021, and I’m still planning to own one until 2025. It’s a powerful machine, and I want to get my money’s worth.
Yet I look at Apple’s trade-in value for it and wonder what the thought process was to come up with an amount of £850 / $900 / AU$943 for my Mac.

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