Do apple have a buy back used iphone program

Hi Guys or Ladies
Do anyone know if Apple Store has any program regarding of buying or trading in second iphone
thank you

I recall when we went to an Apple Store last December about a new phone the person mentioned getting some sort of trade-in value depending upon the phone, but since our phone was a 4S with a broken external speaker we probably would not have gotten much and it could still serve as an iPod. However, this is may not have been from Apple itself but instead from AT&T with whom we were planning on using the phone even though it was an Apple Store salesperson who mentioned it (and to be honest they do not always have correct information).

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