Currently Apple's store policy is to automatically charge 10 percent of a product's retail price, known as a restocking fee, when you chose to return a previously opened product. The amount is charged as a fee for Apple to refund the customer and restock the merchandise.
9 To 5 Mac reports that from Tuesday, January 11, Apple will cease the restocking fee practice from its retail chain. The 14-day return period will still apply, but if you want to upgrade one of the products you bought within a few days of purchases, you won't have to pay an additional 10 percent of its price. Apple has not commented officially on this matter, but Engadget claims to have confirmed this information with its own sources as well.
(Photo Credit: Photo: CC Steve Rhodes)
Why would Apple scrap restocking fees ahead of a Verizon iPhone? Electronista speculates the company is willing to give another chance to frustrated iPhone 4 customers who just bought into AT&T but wanted to choose Verizon instead. Apple and Verizon are said to have prepared for an exodus of AT&T iPhone customers, with up to six million CDMA iPhones in manufacturing.
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