While “smartphones” have been around for more than a decade, the current paradigm of smartphones, essentially a computer in your pocket with app ecosystems, began with the introduction of the Apple Inc. (NASDAQ:AAPL)’s iPhone. Apple Inc. (NASDAQ:AAPL) is expert at stoking desire, seducing consumers to line up and pay a premium for its newest models. At the moment, though, the hottest iPhones are less expensive—and old. Sales of refurbished iPhone 4’s and 4S’s are booming among price-conscious shoppers, especially in fast-growing emerging markets, and U.S. phone companies are racing to outdo one another with trade-in deals for customers willing to…
Apple Inc. Used iPhones Compete With Android In Asia, Africa
HFA Staff
The post above is drafted by the collaboration of the Hedge Fund Alpha Team.