Police say 21-year-old Alejandro Campos and 20-year-old Dominick Davis were arrested Thursday night.
Hwang Yang, 26, was murdered in Riverdale as he walked home from work early Thursday morning.
Authorities say the two men confessed to driving around, searching for victims who they believed had iPhones. After they stole the iPhone, they planned to put it on craigslist and sell it.
Detectives say Davis confessed to the killing, while Campos drove the getaway car. Davis claimed that he fired the gun accidentally during the incident.
They believe the two regularly canvassed neighborhood searching for potential iPhone victims.
Get Eyewitness News Delivered