Tech News - Walmart's trade in program for phones.

Well it's about time Walmart hopped on board the phone trade in scheme. Surprise surprise  it starts on the 21st September (1 day after the iPhone 5s/c) and it's top pay out is the iPhone 5.

Now it was no surprise that Walmart did this at this time and appealed to the Apple fanatics (as there is a lot of them) but I find the pricing to be average compared to the current market. The trade in rate starts at $50 and goes up to $300 (the iPhone 5) depending on the make and condition of the device. I have a sneaking suspicion that it was leaked from Apple to Walmart about the release date of the new iPhone due to the convenience of their close proximity. Also this scheme will give in store credit rather than actual spending cash. This guarantees a purchase for Walmart and probably an extortionate rip off on the resale of the traded in phone.  Will anyone out there be trading their iPhone 5 for a new one? And what's your opinion of the pricing?