BloggingStocks Sees Existence of Refurbished iPhones as Bad News

Zac Bissonnette:

You can now save $100 on an iPhone by snapping up a refurbished one on the company’s website. So far iPhone sales have fallen well short of expectations, and there are two possible explanations for the refurbished models. It’s possible that they were returned by speculators who were hoping to resell them on eBay but were disappointed when Apple had enough stock.

That may be part of it, but it seems likely that a lot of people are just unimpressed with the expensive new phone.

Um, how about that they’ve sold several hundred thousand of them, and even a small percentage of defective units replaced under warranty results in a sizable number of refurb units for sale. You know, just like with iPods and Macs.

★ Wednesday, 22 August 2007