There's Lots of Money in Those Old iPhones

July 18, 2008, 7:47 pm There's Lots of Money in Those Old iPhones

By David F. Gallagher

I was walking by the lengthy iPhone line outside the Apple Store in Soho on Sunday when I heard someone call out: "Turn in your old iPhone and get the new one free!"

I turned around and saw a bearded guy handing out fliers (photo above). They were from and offered payments equal to the cost of a new 3G iPhone to people who turned in the old ones. Our conversation went something like this.


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Monty Solomon
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