Some of you probably want the new iPhone 4S as soon as possible, and luckily Apple wants your iPhone 4. Badly! So for that Apple is offering you $200 for your used iPhone 4, but it has to be in a ‘good condition.’ Read more about the terms and conditions after the break!

 Apple Reuse and Recycling

9to5mac reported that Apple via it’s Recycle and Reuse program is offering money in the form of an Apple gift card. So you don’t need to worry about the paying cost for iPhone 4S. All you need to do is answer some questions about your iPhone 4 and it’s conditions, you’ll be then informed about your estimated resale price, after which you can ship your phone to Apple and you’ll soon get your gift card.

You’ll get a whole $200 if your iPhone is gently used and is in a perfect condition, but the amount goes down for those which have scratches, scuffs, water damage, dying batteries or any other minor defects. Clearing the contents and settings will also get you a better resale value.

Aren’t you just excited? Will you be exchanging your iPhone 4 for $200 or you do have any other plans? Please give us your views in the comment box below if you found this article useful. For more updates on iPhone 4S, iPhone 4 or iPhone 3GS you can follow us on Twitter and Facebook channels!