Apple is now offering refurbished iPhones on the online Apple Store.
Found under the “Special Deals” section, the 4GB and 8GB models are available for $399 and $499 respectively, representing a savings of $100, or up to 21 percent, off the original price.
All Apple Certified Refurbished iPhones include a full one-year warranty, and are also eligible for the AppleCare Protection Plan for iPhone.