Los Angeles - Media and electronics retail store chain Best Buy (NYSE: BBY) has begun selling refurbished Apple (NASD: AAPL) iPhone 3G models at a $50 discount, Reuters reported. The phones, returned by their original owners within 30 days of purchase, are available for $149 (8GB) or $249 (16GB) with a two-year AT&T contract. Wal-Mart also began selling the iPhone 3G a week ago, setting its prices at $197 (8GB) and $297 (16GB).

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