360° Coverage : AT&T Offers Refurbished iPhone 5 For $99

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AT&T Offers Refurbished iPhone 5 For $99

AT&T Offers Refurbished iPhone 5 For $99

Nov 24 2012, 6:00am CST | by

Just two months after launch

The "used iPhone 5" market is apparently ready for business already, as AT&T has begun selling refurbished versions of the device at a $100 discount over the regular, new price.That means the...

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1 year ago

AT&T Offers Refurbished iPhone 5 For $99

Nov 24 2012, 6:00am CST | by

Just two months after launch

The "used iPhone 5" market is apparently ready for business already, as AT&T has begun selling refurbished versions of the device at a $100 discount over the regular, new price.

That means the basic 16 GB version is just $99 to those who sign up for a new two-year service agreement, while the 32 GB version will run $199 and the 64 GB at $299. So yes, every version of the phone is available, including in black and in white for every capacity level.

This comes about two months after the iPhone 5 was first released to the market, making it the quickest that any carrier has started to sell refurbished editions of the latest Apple phone.

It also is far different than what was expected by third-party reports. It was believed the iPhone 5 refurbished models would not be sold in carrier stores until next year.

It's unclear what the takeaway from this is. It could be that AT&T wanted to soak in as much holiday revenue as possible, but it could also mean that there is a higher than expected return rate of iPhone 5 devices on AT&T.

With refurbished iPhone 4 and iPhone 4S units, much of that inventory comes from customers trading in their phones, so the carrier make nothing but straight profit on those. But if they're selling iPhones that customers returned for only half their value, that is a different story.

Regardless, the point here is that customers can get a cheap iPhone 5. The bad part -- it's only at AT&T.

Via LA Times

 

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<a href="/latest_stories/all/all/6" rel="author">Mark Raby</a>
With more than 10 years as a professional writer, Mark Raby has an undeniable pulse on the latest trends. From the quiet rumors to the breaking news of the day, his eagle eye is always focused on the newest scoop and figuring out how and why the big newsmakers are noteworthy and relevant. He is based in New York City.

 

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