∞ AT&T offers $49 iPhone 3G refurbs

AT&TAT&T is pulling out all the stops to sell new and used iPhones.

The company, late Friday began offering refurbished iPhones for as low as $49. The iPhones are only available through AT&T’s Web site. Earlier this week Apple reported a $1.23 billion profit in its fiscal third-quarter. It was a big quarter for iPhones as Apple sold 5.2 million of the devices, representing 626 percent unit growth over the year-ago quarter.