So how much money can someone make buying cracked phones, fixing them, and reselling? I guess it only takes one person doing this to normalize the price of a cracked phone.
At the end of the article: "There is entire ecosystem that takes broken phones and makes them whole again, so prices of broken phones aren’t even that low."
I'm not sure, but I love that the ratio of the price to fix a cracked screen vs the value created by doing that is roughly the same across all model of iPhones. Put differently, it makes sense that you can always make a little money by fixing up iPhones. You'd expect people to value that more than just the cost of doing it (no uncertainty, not having to look around, etc).