Apple is just about to announce the release of it’s newest iPhone. These devices have historically been very expensive to purchase and Apple is offering up to $345 if you turn in your iPhone 4S in exchange for a new phone, depending on its condition. Apple has opened up a Reuse and Recycle program where you are able to go online to select the model, color and condition of your iPhone 4S (and other Apple devices) from the online wizard, which will then output a price that it believes your device is worth. If you agree to the price and send the phone along with its power cable back to Apple, they will send you a gift certificate for use in their online store for the purchase of a new iPhone. This seems like a great deal if you are dying to get a new iPhone but don’t want to part with the heavy chunk of cash.