January 06, 2009 at 14:00 PM EST
Quick Hits: Best Buy to Sell Secondhand iPhones
Wanna buy a used iPhone? Best Buy has ‘em. Best Buy (BBY) believes the refurbished Apple (AAPL) iPhone will appeal to cost-conscious users during the economic downturn. The retailer now sells used versions of the iPhone 3G for about $50 less than new devices Reuters reports. This raises a basic question: Is the gizmo a status symbol or nerely a communication device? Those who see the iPhone as a status symbol probably would recoil from a used model; those who see it as just a tool (and are pinched financially) would almost certainly welcome a refurbished device. But it’s hard ...
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