Apple Inc. (NASDAQ: AAPL) announced it has planned to launch a new trade-in program for MAC computers next week at its retail stores in Canada and the US. The new program will start on 15 June in the US and 18 June in Canada.

The new program of Apple Inc will give an option of exchange to the customer. Customers can exchange a Mac for credit toward a new computer. Apple users have the option to trade-in value as an Apple gift card.

The shares of Apple shot up 3.16% at $343.99 during the last trading session on Tuesday. It had a trading volume of 36 million and an average volume of 45.52 million. AAPL has a profit margin of 21.40%, an operating margin of 24.50%, and a gross margin of 38.10%.

Apple Inc has a total market capitalization of 1499.83 billion. AAPL has a return on investment (ROI) of 26.90%, return on assets (ROA) of 17.30% and a return on equity (ROE) of 64.50%.

Tech-giant has a day low range of 332.01 and a day high range of 345.61. It has moved up 3.11% from its 52-weeks high and increased 80.76% from its 52-weeks low.

Apple Inc. declared that the customers have earlier been able to trade their Macs via Apple’s website. Earlier, AAPL allowed trade-in programs to customers for iPhone, iPad, and Apple Watch.

Apple expects that the new program encouraged customers to upgrade their Macs. Apple also declared that it will introduce a 12-months interest-free payment plan via its Apple card.