Apple’s IPhone Debut Floods Market With Used Models
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Apple Inc.’s record-setting debut of the iPhone 4 has led to another surge: a flood of old iPhones hitting EBay, recyclers and discount sites.
Gazelle.com, a site that buys electronics from consumers, purchased 20,000 used iPhones in the two weeks after Apple and AT&T Inc. began taking preorders for the iPhone 4. That compares with 350 in a typical two-week period.