For those lusting over an iPhone but just can’t make yourself spend that kind of money, Apple is selling refurbished iPhone’s at a substantial discount.  And they come with a 1-year warranty.

The 4GB model is $399 and the 8GB model is $499 with 1-2 business days shipping.  That’s $100 off the original price of each model.

I’ve purchased refurbished computers from Apple and have had good luck with them.  I would think that refurbished iPhones might be a reliable purchase as well.

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