Screencap: Apple
- Apple is now offering certified refurbished iPhone 7 models.
- Prices for the previously owned models start at $500.
- In addition to a 15% discount, owners get new accessories and a 1-year-warranty for the pre-owned device.
Apple is known for its pricey devices, but the 2016 iPhone 7 can now be purchased through Apple for just $500.
The smartphone maker is now offering certified refurbished models of its two-year-old flagship online, meaning those interested in an iPhone 7 don't have to bargain hunt through third-party sellers.
A brand-new iPhone 7 currently starts at $550 when purchased directly from Apple. After being spruced up with a new battery and outer shell, refurbished iPhone models sell unlocked with new accessories and a one-year warranty. The refurbished device program knocks approximately 15% off the original price of an Apple product.
Here's a rundown of the refurbished iPhone 7 and iPhone 7 Plus prices base on storage capacity.
Before you thumb your nose up and purchasing such a discounted device, we've previously noted that when iPhone owners get replacement devices under warranty, they are typically refurbished models and not brand-new handsets. Refurbished iPhones are tested and certified by Apple, and tend to work well; one common glitch to look out for is "touch disease," where the touchscreens on devices go unresponsive for no apparent reason, but every refurbished Apple product comes with a one-year warranty in case you run into any of those issues.
A recent report from Bloomberg indicates that some iPhone 7 models, which were likely purchased new, are also having touchscreen issues. So if you're in the market for an iPhone 7, opting for the discounted version may not be a bad idea.
The Next Smartphone by the BI Intelligence Research Team.
Get the Slide Deck Now »