has begun selling refurbished versions of
iPhone 3G at its stores that are priced about $50 less than new iPhones, according to a report Tuesday.
reports Best Buy said the used iPhones, which were returned within 30 days of purchase, are priced at $149 for models with eight gigabytes of storage, while the 16-gigabyte version is $249. A two-year service contract with
New iPhone 3Gs currently sell for $199 and $299 at Best Buy Mobile stores, according to
"This is focusing on customers' needs, trying to provide as wide a range of products and networks for our consumers," said Scott Moore, vice president of marketing for Best Buy Mobile,
AT&T, the exclusive wireless provider for the iPhone, offers refurbished iPhones online.
The sale of used iPhones comes as Best Buy, the top consumer electronics chain, seeks ways to fend off increased competition from discounters such as
, which began selling the popular phone late last month, the report adds.
This article was written by a staff member of TheStreet.com.