CUPERTINO, Calif. — Apple has increased estimated trade-in values for the majority of its iPhone, iPad, Mac and Apple Watch models, according to an update reflected on the company’s trade-in page as of August 6. Some devices saw gains approaching 30 percent compared with previous estimates, while the company also expanded the list of eligible Android phones.

The adjustments apply to “up to” credit amounts that customers can receive when trading devices toward a new purchase through Apple’s program. Final values depend on the condition, year and configuration of the returned device, and not every model qualifies for credit. The changes follow earlier adjustments earlier in the year and come as Apple continues to promote device upgrades amid rising hardware prices and the recent introduction of its Upgrade leasing option.

Among iPhones, the largest absolute increase went to the iPhone 16 Pro, which rose from a previous maximum of $560 to $630. The iPhone 16 Pro Max climbed from $695 to $720. The iPhone 16 Plus moved from $465 to $485, and the standard iPhone 16 advanced from $460 to $480. The iPhone 16e remained unchanged at $310.

Older flagship models also received higher estimates. The iPhone 15 Pro Max increased from $490 to $530, the iPhone 15 Pro from $410 to $420, the iPhone 15 Plus from $325 to $340, and the iPhone 15 from $320 to $335. The iPhone 14 Pro Max rose from $375 to $405, the iPhone 14 Pro from $320 to $335, and the iPhone 14 from $225 to $235. The iPhone 14 Plus stayed flat at $235.

Further down the lineup, the iPhone 13 Pro Max advanced from $320 to $340, the iPhone 13 Pro from $260 to $285, the iPhone 13 from $195 to $205, and the iPhone 13 mini from $150 to $155. The iPhone 12 Pro Max moved from $220 to $240, the iPhone 12 Pro from $180 to $195, the iPhone 12 from $125 to $135, and the iPhone 12 mini from $85 to $90. The third-generation iPhone SE rose from $80 to $85, while the second-generation model held steady at $45.

Even older devices saw modest gains in several cases. The iPhone 11 Pro Max increased from $150 to $160, the iPhone 11 Pro from $135 to $145, the iPhone 11 from $100 to $110, the iPhone XS Max from $90 to $95, the iPhone XS from $65 to $70, and the iPhone XR from $80 to $90. The iPhone X remained at $60, the iPhone 8 Plus at $40, and the iPhone 8 rose from $35 to $40.

Apple Watch trade-in estimates improved for most models. The Series 10 rose from $150 to $165, the Series 9 from $130 to $135, the Series 8 from $90 to $95, and the Series 7 from $65 to $70. The Ultra 2 stayed at $305, the original Ultra at $205, the second-generation SE at $60, the Series 6 at $45, and the first-generation SE at $30.

On the tablet side, every listed iPad model received an increase. The iPad Pro advanced from $690 to $720, the iPad Air from $460 to $490, the standard iPad from $235 to $260, and the iPad mini from $265 to $300.

Macs recorded some of the most substantial percentage gains. The MacBook Pro estimate jumped from $690 to $855, the MacBook Air from $520 to $580, the Mac mini from $375 to $480, the iMac from $355 to $380, the Mac Studio from $1,045 to $1,305, and the Mac Pro from $2,045 to $2,195. The iMac Pro remained unchanged at $315.

Apple also broadened the Android portion of the program. Newly added models include the Samsung Galaxy S21 Ultra 5G at up to $95, the Google Pixel 9 Pro XL at $315, the Pixel 9 Pro at $305, the Pixel 9 at $210, the OnePlus 13 at $250, and the OnePlus 13R at $165. Some existing Android estimates shifted slightly downward, including the Samsung Galaxy S22 Ultra 5G from $130 to $125, the Google Pixel 8 Pro from $165 to $155, the Pixel 7 Pro from $95 to $90, and the Pixel 7 from $65 to $60. Other Galaxy and Pixel models held steady or saw small increases.

The trade-in program allows customers to receive credit toward a new Apple device or, in some cases, an Apple Store Gift Card. Devices are evaluated for functionality and cosmetic condition once received. Apple partners with third-party recyclers and refurbishers to handle returned hardware, with the goal of extending product life cycles and recovering materials.

The August update arrives at a time when consumers face higher list prices for new Apple products. Industry observers have noted that more generous trade-in credits can help offset those increases and encourage more frequent upgrades. The addition of recent Android flagships expands the pool of potential customers who might switch platforms by trading in non-Apple phones.

Apple has not issued a formal statement accompanying the value changes beyond the standard language on its trade-in site noting that estimates are approximate and subject to inspection. The company periodically revises the table to reflect secondary-market conditions, supply of used devices and demand for refurbished inventory.

For customers considering a trade, the higher estimates improve the effective net cost of a new purchase, particularly for owners of recent Pro models or higher-end Macs. Those with older devices may still find limited residual value, though the modest increases for several legacy iPhones and Watches provide a small additional incentive to recycle through official channels rather than third-party marketplaces.

The program remains available online and in Apple Stores across the United States. Customers can obtain an instant estimate by entering device details on Apple’s website before completing the process. Actual credit is finalized after the device is inspected and accepted.

By raising values across a broad range of models and expanding Android eligibility, Apple has made its trade-in offers more competitive relative to previous months. The changes give consumers clearer incentives to return older hardware while supporting the company’s circular-economy efforts and ongoing product refresh cycles.

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Plans to extend a scheme that provides free activities and meals to children during school holidays have been recommended for approval.

North Northamptonshire Council will discuss re-commissioning the Holiday Activities and Food (HAF) Programme at a meeting on 11 August.

Paid for by the Department for Education (DfE), it is aimed at children and young people aged five to 16 who receive benefit-related free school meals.

Elizabeth Wright, executive member for children, education and families, said recommissioning would “build on the success achieved so far” and “continue supporting vulnerable families” as well as “work alongside our excellent local voluntary, community and sports organisations”.

Last year, the government announced a three-year extension for the scheme as part of a £600m investment nationally.

In 2023 the council awarded the contract to Northamptonshire Sport to run the service initially for two years with two optional extensions of 12 months each.

The authority said both of these extensions had been used and the current contract would lapse in March 2027.

In summer 2025, more than 2,100 children participated, a slight drop on the attendance in the two previous summers – with 2,630 recorded in 2024 and 2,250 in 2023.

In a report to executive, external, the fall in numbers had been attributed to a change in booking system which officers said would “require further monitoring”.

In previous years, North Northamptonshire Council has been awarded about £1.1m for administering the scheme.

The sessions ranged from drama to computer programming – but they all included some physical exercise.

If approved, North Northamptonshire Council will tender the contract and anticipate awarding it in November.

West Northamptonshire Council’s arrangements for the Holiday Activities and Food (HAF) Programme beyond March 2027 are due to be considered by cabinet in September.

The unitary authority said: “As this process is ongoing, we are unable to comment further at this stage.”

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Samsung’s newest generation of foldable smartphones has smashed the company’s previous pre-order records across multiple continents ahead of their official launch Friday, suggesting foldable devices may finally be moving toward mainstream adoption after years as a relatively niche corner of the smartphone market.

The Galaxy Z Fold 8, Z Fold 8 Ultra and Z Flip 8 opened pre-orders on July 22 and closed the window on Aug. 6, ahead of a full public launch scheduled for Friday, Aug. 7. Samsung shared performance data with multiple outlets throughout the pre-order period showing the new lineup significantly outpacing every previous foldable generation the company has released.

Records Falling Across Multiple Markets

In South Korea, Samsung recorded 1.44 million units in pre-sales across the three new models over a seven-day stretch from July 28 to Aug. 3, according to a company statement. That figure surpassed the previous Korean pre-order record of 1.38 million units, held by the Galaxy Note 10 since 2019, and comfortably exceeded the 1.35 million units recorded for the Galaxy S26 series earlier this year. It also more than doubled the 1.04 million combined pre-orders recorded for the Z Fold 7 and Z Flip 7 during the same window last year. According to a report cited by Dataconomy, the Galaxy Z Fold 8 alone accounted for more than 70% of that Korean pre-order total.

In the United States, Samsung confirmed to Mashable that pre-orders were outpacing the company’s previous Z series record by 30%, with the Z Fold 8 accounting for nearly half of all U.S. pre-orders. In Europe, Samsung reported that pre-order performance had surpassed all previous foldable smartphone records by more than 17%, even with a full day remaining in the pre-order window at the time the figures were shared. European demand for the non-flip Z Fold 8 and Z Fold 8 Ultra models specifically surged 70% compared with the equivalent Z Fold 7 models, with the redesigned Z Fold 8 alone capturing 40% of all European pre-orders.

A New Design Driving Demand

Much of the excitement surrounding this year’s lineup has centered on the Z Fold 8, which introduces a notably wider form factor than previous Fold generations, a shape that reportedly matches rumors surrounding Apple’s still-unconfirmed foldable iPhone. In a statement shared alongside its U.S. pre-order figures, Samsung said the redefined form factor of the Galaxy Z Fold 8 has introduced the foldable experience to an even broader group of users with diverse lifestyles, adding that the company expects the global foldable market to grow more than 20% annually and more than double in size by 2028.

Flip Owners Trading Up

One of the more notable trends Samsung highlighted involves existing Galaxy Z Flip owners upgrading to the larger Fold form factor at unprecedented rates. The company said roughly three times as many Flip users are switching to Fold devices this generation compared with the prior cycle, a shift some analysts have attributed to the improved usability and broader appeal of the redesigned Z Fold 8 specifically. Samsung also disclosed that nearly one in four buyers who pre-ordered a Fold or Flip device this year also pre-ordered one of the company’s new Galaxy Watch models, pointing to strong cross-category demand across its broader device ecosystem.

Popular Colors Selling Out

Demand has been strong enough that certain color options have reportedly sold out in some markets. Globally, Graphite emerged as the most popular color choice across both Fold models, while Pink led sales for the Flip 8. Among younger buyers on Samsung’s own retail platform, specifically those between 15 and 34 years old, a trio of exclusive green-toned colorways, Green Shadow on the Fold 8 Ultra, Pistachio on the Fold 8, and Mint on the Flip 8, proved especially popular.

Higher Prices Haven’t Slowed Demand

The record-breaking pre-order volume comes despite all three new models launching at higher prices than their predecessors, a shift the company has attributed in part to an ongoing memory chip shortage affecting the broader smartphone industry. The Galaxy Z Fold 8 carries a starting price of $1,899.99, the Z Fold 8 Ultra starts at $2,099.99, and the Z Flip 8 starts at $1,199.99. Samsung also reportedly scaled back some pre-order incentives, including free storage upgrades, in several markets compared with prior launches, making the scale of the demand surge notable given the less generous promotional environment.

Part of a Broader Premium Smartphone Trend

The strength of Samsung’s foldable pre-orders arrives amid a broader shift toward premium smartphone segments across the industry. According to market research firm Counterpoint Research, the premium smartphone segment accounted for 29% of overall global smartphone volume during the first half of 2026, up from 25% during the same period the year before. That said, Samsung’s mobile experience division, the unit responsible for its Galaxy phones, tablets and wearables, reported an operating loss for the second quarter of 2026 despite revenue growth, according to Korean media reports, prompting the company to reportedly reassess its broader pricing strategy across sticker prices, trade-in promotions and regional pricing structures.

A Potential Turning Point for Foldables

The foldable phone category emerged less than a decade ago, and early devices in the space were often criticized as expensive, occasionally gimmicky, and prone to visible creasing along their fold lines. In the years since, foldable hardware has improved considerably, and early adopters have identified a growing range of practical use cases for folding displays beyond novelty appeal. Despite those improvements, foldables have largely remained a niche segment of the broader smartphone market. This year’s unprecedented pre-order performance, however, has led some industry observers to suggest the category may finally be approaching a more mainstream inflection point, particularly with Apple reportedly preparing to enter the foldable market with its own device in the near future.

With pre-orders now closed and full retail availability beginning Friday through carriers, retailers, Samsung’s own website and its physical Experience Stores, attention will shift toward whether the strong pre-order momentum translates into similarly strong sales once the devices reach a broader base of walk-in customers. Samsung has already confirmed reviews of the Fold 8 and Fold 8 Ultra are live ahead of launch day, giving prospective buyers additional information as they weigh the new lineup against its record-breaking early demand.

Some businesses grow because they find the right market. Others grow because people remember how they were treated.

For Corey Hunt, Owner and Master Electrician of Rocky Coast Electric, the goal has never been simply to complete electrical projects. It has been to build a company that customers trust, employees are proud to join, and the community can rely on for years to come.

That philosophy shapes every decision he makes.

“Success to me is the continuing of education. Constantly improving day after day and being better than the day before,” Corey says.

It is a simple idea, but one that has guided both his career and the steady growth of Rocky Coast Electric.

What Makes Corey Hunt’s Approach to Leadership Different?

Corey believes great businesses are built long before they become successful. They are built through habits.

Showing up prepared.

Doing quality work.

Keeping promises.

Treating people with respect.

Those principles have stayed with him throughout his career, from his early days working on solar installations to leading his own company today.

“Showing up to work every day and working harder than everybody else. Creating solutions for people with problems,” he says.

For Corey, electrical work is about much more than wiring a building. Every project is an opportunity to solve a problem and give someone confidence that the work was done right.

That mindset has helped Rocky Coast Electric establish a reputation for dependable service across Maine’s Lewiston-Auburn area.

Why Continuous Learning Never Stops

Although Corey holds a Master Electrician licence in Maine, he never considers his education finished.

The electrical industry continues to evolve. Solar energy, electric vehicles, smart homes, battery storage, and energy-efficient technologies are changing how people power their homes and businesses.

Rather than seeing those changes as challenges, Corey sees opportunities to keep learning.

“I don’t stop reading,” he says.

His reading ranges from leadership and business books to personal development and the Bible. Books such as How to Win Friends and Influence People, Buy Back Your Time, and The Richest Man in Babylon have influenced the way he communicates, leads, and plans for the future.

That commitment to learning also benefits his customers. As technology changes, Corey believes professionals have a responsibility to stay ahead of the curve instead of relying only on what worked yesterday.

How Rocky Coast Electric Builds Customer Trust

Technical skill matters, but Corey believes trust is what turns a first-time customer into a long-term relationship.

That starts with communication.

It continues with honesty.

And it ends with delivering quality work.

One lesson has shaped his leadership style throughout his career.

“I learned early on that you can be nice to people and still get stuff done. You don’t have to be rude to get your point across.”

That approach influences how he works with homeowners, business owners, suppliers, and employees alike.

Respect is not separate from professionalism. To Corey, it is part of it.

His goal is to build a company known as much for its character as its craftsmanship.

Building Leaders, Not Just Completing Projects

Launching Rocky Coast Electric in 2023 gave Corey the opportunity to build the kind of company he always envisioned.

Growth is important.

But sustainable growth comes from investing in people.

Corey believes mentoring employees, sharing knowledge, and creating opportunities are some of the most rewarding parts of leadership.

He wants people who work alongside him to improve their own skills and confidence with every project.

That philosophy reflects the same approach he takes toward his own development.

“I set goals at a ridiculous time limit and hope to achieve them in double that, or sooner.”

For Corey, ambitious goals create momentum. Even when plans change, moving forward is what matters most.

“Moving forward is success even if it doesn’t look like it on the surface.”

Family, Faith, and a Long-Term Vision

Outside of work, Corey enjoys spending time with his wife and children. He also stays active through basketball, swimming, exercise, and continuing to learn about solar technology and electric vehicles.

His Christian faith remains a steady influence in both his personal life and his business.

Rather than separating faith from work, Corey believes values like honesty, humility, service, and integrity should be visible in everyday actions.

His family also shapes the way he thinks about success.

Building a respected company is important, but so is building a life that creates opportunities for others.

Whether that means mentoring employees, serving customers well, supporting his church, or giving back to the local community, Corey wants Rocky Coast Electric to stand for more than electrical work alone.

Looking Ahead

Corey Hunt does not measure success by a single project or milestone.

He measures it by whether the company continues to improve.

Whether customers continue to recommend Rocky Coast Electric.

Whether employees grow into future leaders.

And whether every year brings new knowledge, stronger relationships, and better service.

“We need something to work for always. Be passionate about your life. Don’t take no for an answer.”

That philosophy continues to shape Rocky Coast Electric as it grows. It is also shaping Corey Hunt’s reputation as a business owner who believes that lasting success is earned through craftsmanship, leadership, continuous learning, and a genuine commitment to serving others.

Operator

Welcome to the Lexicon Pharmaceuticals Second Quarter 2026 Financial Results Conference Call. [Operator Instructions] As a reminder, this call is being recorded today, August 6, 2026.

I will now turn the call over to Lisa DeFrancesco, SVP, Investor Relations and Corporate Communications for Lexicon. Please go ahead, Lisa.

Lisa DeFrancesco
Senior Vice President of Investor Relations & Corporate Communications

Thank you, Therese. Good morning, and welcome to our Second Quarter 2026 Earnings Call. Joining me today are Dr. Mike Exton, Lexicon’s Chief Executive Officer and Director; Dr. Craig Granowitz, Senior Vice President and Chief Medical Officer; and Scott Coiante, Senior Vice President and Chief Financial Officer.

This morning, Lexicon issued a press release announcing our financial results for the second quarter of 2026, which is available on our website at www.lexpharma.com and through our SEC filings. A webcast of this call, along with the slide presentation is also available on our website.

During this call, we will review the information provided in our release, provide a corporate update and then use the remainder of our time to answer your questions.

Before we begin, let me remind you that we will be making forward-looking statements, including statements relating to the safety, efficacy, clinical development, regulatory status and therapeutic and commercial potential of sotagliflozin, pilavapadin, LX9851 and our other drug programs as well as our business