Assuming you have the 16GB iPhone 4...
Considering you could get around $134 for one with normal wear and
tear or $45 for it if was completely broken, I would say they were
getting a fantastic deal. He could buy your iPhone 4 for $50 and sell
it for $135 (profit $85) and then got to the mobile store and get a
brand new iPhone for free. Lots of options. I just sent my iPhone 4S
(32 GB) of to Amazon for a $360 Amazon gift card. I paid $299 for it.
Well really $399 with AppleCare plus. Either way, not a bad deal.
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