Apple has today launched a new program that will allow customers to trade in an old smartphone and assign the value against the purchase of a new iPhone in installments. The announced "Trade Up With Installments" initiative will afford potential consumers with the ability to trade in an old iPhone, Android smartphone, or Windows phone, with the final valuation of that traded in device being used to purchase a new iPhone on a 24-month installment plan. This program itself will initially only be offered through the retail Apple Stores within the United States. This new program is basically a combination of Apple's exiting Reuse and Recycling Program and iPhone Upgrade Program.