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Do we still love the first gen iPhones and iPods?????The release of the iPhone 3G has turned into a big payday for the likes of Rapid Repair, one of several firms that buys, refurbishes and resells first-generation iPhones. Reselling Apple items like iPods and iPhones can be brisk business for some. However, reselling hardware like computers, which people tend to want to keep longer, isn't always as easy.