Do we still love the first gen iPhones and iPods?????

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There's an interesting story over at TechNewsWorld that talks about how companies are starting to make big buck by refurbishing older iPhones and iPods, and getting them back onto the market.

Indeed, as Piper Jaffray analyst Gene Munster said recently to clients, if Apple sells nearly 4.5 million iPhones in its fourth fiscal quarter, then the market for previously used iPhones appears set to grow.

Some companies are preparing for an onslaught of such ready buyers.

Kalamazoo, Mich.-based Rapid Repair, which got its start four years ago as an iPod -- and later, iPhone -- fix-it shop, has seen the potential for big profits in the market for used Apple items.

"We certainly do handle those items," Aaron Vronkok, service manager with Rapid Repair, told MacNewsWorld. "We've been offering repair services for iPods since March. Since the beginning, we started buying broken ones. We'll service them in a large batch. We'll take and sell those refurbs on eBay (Nasdaq: EBAY) some other site."

When the iPhone 3G made its debut July 11, Rapid Repair decided to buy up all the used first-generation units it could, to recondition and resell.

For the full story, click here!

Posted at 05:19AM Aug 19, 2008 by Kevin P McAuliffe in Cell Phones | Comments[0]

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