Apple has released the iPhone 16 alongside a variety of new gadgets in the previous fall. Presently, numerous major retailers, Apple, and various mobile service providers are featuring multiple deals across the entire series. These offers encompass trade-in credits, potential financing options up to 100% when you sign up with a carrier, as well as certain discounts.

Release Date of the iPhone 16

The iPhone 16 officially hit the market on September 20, 2024. This launch included all four variants: the standard iPhone 16, iPhone 16 Plus, iPhone 16 Pro, and iPhone 16 Pro Max.

The upcoming iPhone 17 is anticipated in September, and rumors suggest it will feature a fresh design. For those contemplating an upgrade, it may be wise to wait for this release to possibly secure a better deal on the iPhone 16.

Pricing of the iPhone 16

Prices vary based on storage capacity, but here’s an estimated price range:

• iPhone 16E: Priced from $599 up to $899

• iPhone 16: Priced from $799 to $1,099

• iPhone 16 Plus: Priced from $899 to $1,199

• iPhone 16 Pro: Priced from $999 to $1,499

• iPhone 16 Pro Max: Priced from $1,199 to $1,599

New Features of the iPhone 16

No matter the variant, users will benefit from Apple’s innovative AI feature known as Apple Intelligence, accessible with the upcoming iOS 26 update. Additionally, all models are equipped with the latest A18 chip and 8GB of RAM, upgrades that were typically exclusive to Pro models in previous generations.

If comparing the Plus and Pro models, tech analyst Pranay Parab believes that the iPhone Plus may be a superior choice, primarily due to its enhanced battery life and screen size, combined with essential features. For further insights, see a comparison of the iPhone 16, Pixel 9, and Galaxy S24.

Top iPhone 16 Deals Available Now

Your best option for a deal may depend on whether you choose a retailer or your cellular provider.

Trade-In Offers:

If you have a recent iPhone or other valuable gadgets, the Apple Store provides competitive trade-in offers without committing to a specific carrier. Currently, there are up to $600 in credits. For instance, trading in an iPhone 15 Pro Max could yield $600 in credit, allowing the purchase of the iPhone 16 for as little as $200.

If opting for a carrier with a trade-in, T-Mobile currently provides credits up to $1,000.

Other carriers and major retailers may offer similar trade-in deals, but these may not match the competitive rates from T-Mobile and Apple.

100% Financing Options:

Many individuals may not have the capability to pay the full price upfront. However, affordable monthly payment plans with 0% interest are available. This option is possible through Apple. Additionally, major carriers like AT&T and Verizon offer 0% APR financing for up to 36 months, while T-Mobile offers this benefit for 24 months.

It’s important to remember that selecting a carrier for financing necessitates engaging in a membership, often requiring a premium plan (this may not apply if already a customer with an eligible plan).

For those interested in the more budget-friendly iPhone 16e, Walmart has plans with 0% APR through AT&T or Verizon.

Discount Offers:

The best promotional offer currently available is from T-Mobile, which is giving away the iPhone 16 Pro for free provided new customers switch to T-Mobile. No trade-in is required, but signing up for an unlimited plan is necessary, a fantastic offer considering the iPhone’s $1,000 price tag.

Retailer Offers:

For those looking to accumulate reward points, access discounts, or maintain resale value without committing to a single carrier, retail options may be the best fit. Retailers like Best Buy, Walmart, and Target provide various options for the iPhone 16 lineup. Some may match the trade-in or financing deals available through carriers (orders can be completed via them rather than directly with a carrier). If leveraging discounts with a retailer isn’t an option, Best Buy offers three months of access to Apple TV, Apple Fitness, Apple Arcade, and Apple Music for those who pre-order.