Refurbished iPhone 3G Now Available at Best Buy Mobile Nationwide

MINNEAPOLIS--(BUSINESS WIRE)--Best Buy Co., Inc. (NYSE: BBY) announced today that it is the first retailer to offer refreshed Apple iPhone 3Gs at store locations nationwide.

“The refreshed iPhone is a great example of the depth of our offering, and clear evidence of why Best Buy is the best place to purchase a mobile phone”

Beginning today, 350 Best Buy Mobile stores are selling the Refreshed iPhone 3G at $149 (US) for the 8GB model and $249 (US) for the 16G model, both require a two-year service contract. New iPhone 3Gs currently retail for $199 (8G) and $299 (16G) at Best Buy Mobile.

“The refreshed iPhone is a great example of the depth of our offering, and clear evidence of why Best Buy is the best place to purchase a mobile phone,” said Scott Moore, vice president of marketing for Best Buy Mobile. “Where else can you get everything you need to make sure your phone can be utilized to its fullest.”

With purchase of a refreshed iPhone, Best Buy Mobile customers also are entitled to:

• Complimentary Walk Out Working™ -- including multimedia and smart phone set up and personalization – such as e-mail and data transfer -- ensuring that the phone is ready for use when the store is left.
• One year Best Buy warranty on the phone – in addition to getting a full one year standard warranty as part of their refreshed iPhone 3G purchase. If customers want additional coverage, they have the option of purchasing a two year Geek Squad Black Tie Protection service plan.
• Upgrades to a refreshed iPhone 3G by any current iPhone customers

Initially at 350 Best Buy stores nationwide, availability of the refreshed iPhones will expand to all U.S. Best Buy stores that offer AT&T by the end of January. The phones are in like-new operating condition, having been returned during a 30-day trial period refurbished to manufacturing quality grade.

About Best Buy Mobile

Best Buy Mobile features one of the largest selections of carriers, handsets and accessories available anywhere, as well as a highly-trained staff to help customers make the most of their mobile phones. Best Buy Mobile locations feature more than 90 different handsets from nine carriers, and one of the widest assortments of accessories in retail. Employees undergo at least 80 hours of intensive training, as well as continuing education on mobile phone technology and trends.

About Best Buy Co., Inc.

With operations in the United States, Canada, Europe, China and Mexico. Best Buy is a multinational retailer of technology and entertainment products and services with a commitment to growth and innovation. The Best Buy family of brands and partnerships collectively generates more than $40 billion annual revenue and includes brands such as Best Buy, Audiovisions, The Carphone Warehouse, Future Shop, Geek Squad, Jiangsu Five Star, Magnolia Audio Video, Napster, Pacific Sales Kitchen, Bath and Electronic Centers, The Phone House and Speakeasy. Approximately 165,000 employees apply their talents to help bring the benefits of these brands to life for customers through retail locations, multiple call centers and Web sites, in-home solutions, product delivery and activities in our communities. Community partnership is central to the way we do business at Best Buy. In fiscal 2008, we donated a combined $31.8 million to improve the vitality of the communities where our employees and customers live and work. For more information about Best Buy, visit www.bestbuy.com.