BUSINESS
02/06/2009 05:12 am ET Updated May 25, 2011

Best Buy Offers Used iPhones At Discounted Price

ATLANTA (Reuters) - Retailer Best Buy Co, seeking new ways to appeal to cost-conscious shoppers, said on Tuesday it is selling refurbished versions of Apple Inc's iPhone 3G at its stores that are priced about $50 less than new iPhones.

The electronics chain said the used iPhones, which were returned within 30 days of purchase, are priced at $149 for the model with 8 gigabytes of storage, while the 16-gigabyte version is $249. A two-year service contract with AT&T Inc is required.

New iPhone 3Gs currently sell for $199 and $299 at Best Buy Mobile stores.

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