When it comes to trade-in prices for your old iPhone 14 Pro Max, both Samsung and Apple are offering $500 for the device when buying the iPhone 16 Pro and Galaxy S24 Ultra. That figure jumps to $900 if you decide to purchase the Samsung Galaxy Z Fold 6, which is $821 more expensive than the iPhone 16 Pro Max before all discounts and promotions.

Apple stock was down nearly 3% shortly after noon, with analyst Ming-Chi Kuo warning of lighter iPhone demand compared to last year's release.

The new iPhone 16 lineup will get its first batch of generative AI features next month through a software update. It appears that the company will be gradually introducing AI tools from its Apple Intelligence suite of generative AI features as it looks to make a dent in an emerging smartphone niche that's expected to take off big-time in the long run.

Samsung will pay $600 for the iPhone 15 Pro Max, whereas Apple is offering $650. Clearly a competitive move by a company that rarely engages in aggressive pricing tactics. There are also some interesting prices for older devices here, including $400 for the iPhone 13 Pro Max and $500 for the iPhone 14 Pro Max.