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Apple already selling refurbished iPhones - Tech Digest
Less than two months after Apple began selling the iPhone in the US through AT&T and Apple Stores, it's also offering refurbished iPhones on its own web site, retailing at $100 less than their original price. Selling refurbished products isn't a new thing for Apple. They've been shifting iPods, Macs, and other hardware for years in this way, usually because a customer has returned the product unwanted.
Andy Merrett