Originally Posted by soultaker
The q is why
Because of this. Suppose I buy an iphone. There is some problem and Apple swaps it. They rectify the problem by changing the faulty part, check the whole thing and keep it waiting for a similar case. This way, they started having a big inventory of the same. So they repackage it and sell it along with a warranty while informing the consumer that this is a Refurbished iphone.
the good thing is that no other company is involved in this process and the whole thing is done in the factory of apple itself.
since it is a refurbished item, they sell it at a lesser price. also, what i have come to know is that the latest model is not sold as refurbished one but older models are.