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caribiner23

 
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Member Since: Feb 06, 2005
Location: Chicago
Posts: 1,499
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Mac Specs: MacBook Pro Retina 13" among far too many other Apple products

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An Apple refurb could also be a display model, or a unit that someone bought and simply didn't like and returned for exchange or refund: Apple can't sell it as "new," so they package it up and sell it as a "refurb."

I assume we're talking about Apple Store refurbs here. Refurbs from places like TechRestore are another story: they actually rebuild old units purchased through channels such as corporate lease expirations, etc.
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