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Best Buy selling used iPhones

January 11, 2009|times wire reports

Best Buy Co. has started selling refurbished Apple Inc. iPhones for $50 less than the new model price.

The previously owned phones began selling in 350 U.S. Best Buy stores Tuesday, with 8-gigabyte iPhones going for $149 and 16-gigabyte versions going for $249. All 1,000 stores will be participating by the end of the month, according to Scott Moore, marketing vice president for the company's mobile division.

The purchase requires a two-year service contract with AT&T Inc., the phone's sole wireless service provider in the U.S.

Competition to sell the iPhone is increasing as the device becomes more prevalent in stores. AT&T sells refurbished models over the Internet.

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