The long-anticipated iPhone 16 is nearly here, and preorders are expected to kick off soon. As Apple fans eagerly await the latest release, many are already hunting for the best deals available on this new device. Whether you’re looking to upgrade your phone or jump into the iPhone ecosystem for the first time, there are plenty of deals to help you save money while getting the latest tech.

Major Carriers Offering Discounts

All the major U.S. carriers, including Verizon, AT&T, and T-Mobile, are expected to offer various deals, including trade-in offers that can save you hundreds. Verizon is likely to promote aggressive trade-in deals, giving customers discounts of up to $1,000 with eligible trade-ins, especially if you switch from another carrier. Similarly, AT&T is known for offering up to $800 off with trade-in credits, making it a great time to upgrade if you have an older iPhone model. T-Mobile is also expected to offer competitive savings, particularly for customers adding new lines or upgrading multiple devices.

Retailer Offers

Retailers like Best Buy and Walmart may join in with their own iPhone 16 preorder promotions. Last year, Best Buy offered deals where you could save up to $200 on the new iPhones by signing up for a carrier plan through them. Walmart typically offers slight discounts on the full retail price, so it’s worth checking there as well.

Apple Trade-In Program

If you prefer to buy directly from Apple, the Apple Trade-In program is another way to save. You can get up to $600 in credit toward your iPhone 16 purchase when trading in a qualifying device.