Reportedly, Apple is expected to announce on Monday a new iPhone trade-in program in an attempt to boost sales for the iPhone 5.

Apple will team with Brightstar Corp., which runs other companies phone trade-in programs, to get American users to bring in their old devices and upgrade to the iPhone 5, Bloomberg reported Thursday.

The trade-in program would be available at Apple stores, allowing users to easily exchange their old iPhones for new ones.

The info is supposed to be released Monday morning at 10:00 a.m.