State and Nation Business

Wal-Mart to launch smartphone program

BENTONVILLE, Ark. – Wal-Mart Stores is launching a smartphone trade-in program later this month that will help consumers trade up to the newest phones available.

The world’s biggest retailer said Tuesday that consumers will receive a credit from $50 to $300 when they trade in their working, undamaged phone. The credit can be used toward the purchase of a new phone, with a selection of more than 100 devices to choose from. This includes some smartphones with prepaid plans.

Wal-Mart said that consumers can receive $300 credit for an Apple iPhone 5, $175 for a Samsung Galaxy SIII and $52 for a Samsung Galaxy S2.

Phones can be traded in at the electronics departments of more than 3,600 participating Walmart stores and Sam’s Club locations in the U.S. Consumers will need to enter a two-year contract for the new phone with AT&T, Verizon Wireless or Sprint.

– The Associated Press

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