When apple replaces a broken iphone, do you get to keep the old broken one?

The back camera on my iPhone 4s broke (just stopped working), so I called Apple and I have an appointment set up to replace the old phone with a brand new one. But, I want to know if when they give me the new phone, will they let me keep the old one? The phone still works fine except for the camera. In fact, it's almost perfect. And obviously I want to sell the old one on ebay to make a boat load.

No, they take it back.

Also, it wouldn't be worth a boat load since
1.It's used
2.It's most likely carrier-locked, unless you unlocked it.

They will definitely take back the old ones and get you the new one. It's like buying on a groceries where you can return the mistaken item and trade it for a new one. You can sell other smartphone other that iPhone at Cashforsmartphones by the way.

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