With Apple now selling used iPhones, the new phone market may have peaked

“Expect Apple to start selling refurbished versions of the iPhone SE —which has a starting price of $399 new — in the $299 range or lower. Last week, Apple started selling refurbished iPhones in the U.S. through Apple.com. The fact that Apple is now offering the devices direct (along with long-available refurbished products such as Macs, iPads and iPods) is notable. It reflects both the maturing nature of the market and Apple’s desire to put the iPhone into the hands of more budget-constrained smartphone buyers while still making enviable margins.” Read more at Recode.



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