Are old iPhones a gateway drug?
January 24, 2013 at 12:48 PM EST
Are old iPhones a gateway drug? Rather than plunk down $200 for an iPhone 5, many smartphone buyers are going with the older iPhone 4, which is available for free with a two-year contract. This trend toward the cheaper devices may concern investors, but in the long run, there’s some evidence it could actually be good for Apple (AAPL).
