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Why does Apple think my M1 Pro MacBook Pro is suddenly worth nothing?

M1 Pro MacBook Pro

With the new M2 Pro MacBook Pros finally official, it’s a great upgrade for anyone moving on from an Intel Mac. However, if you’re thinking of trading it in through Apple to knock some of the price off, you might be far worse off than I’ve found with my M1 Pro MacBook Pro.

MacBook Pro 14-inch

While I’m holding off for an M3 Pro MacBook Pro, curiosity made me check on Apple’s site about how much my current Mac would be worth to trade in(opens in new tab). I paid $2399 / £2199 / AU$2799 for it back in October 2021, and I’m still planning to own one until 2025. It’s a powerful machine, and I want to get my money’s worth.

Yet I look at Apple’s trade-in value for it and wonder what the thought process was to come up with an amount of £850 / $900 / AU$943 for my Mac.

Price depreciation, where something loses value over time, is a normal, everyday fact of buying something. The car my wife owns will lose some of its value over time, and the same goes for my iPhone 13 Pro, and even some smart lightbulbs I have installed across our home.

Everything gets replaced by something new eventually, and it further drives down the cost of what currently exists. Yet there’s a limit to this without it becoming ridiculous, and it seems to me as though Apple’s trade-in methods are a shining example of what not to do.

Apple’s M-series chips are still fairly new since they were announced at its developer conference WWDC back in June 2020. It’s been less than three years, and there are still products such as the Mac Studio that house the M1 Max and M1 Ultra chip – these are essentially more powerful variations of the M1 Pro.

But now, the M1 Pro is nowhere to be seen on Apple’s site – just the original M1, the M1 Max, and the M1 Ultra – alongside the new M2, M2 Pro, and M2 Max. Even so, there’s no reason why my MacBook Pro should be worth £1300 less in the space of just 15 months.

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