if they are selling iphone at apple site/store for $599 why are people selling iphone on ebay for thousands of dollars?
2007-06-29 11:41:29 · 7 answers · asked by NOne N 1 in Business & Finance ➔ Corporations
Supply and Demand.
2007-06-29 15:51:38 · answer #1 · answered by AE N 5 · 0⤊ 0⤋
To make a quick and large profit. Some of these people believe that the iPhone (like the Wii a few months ago) will be a scarce item. So these people waited in line, bough two or three iPhones, rushed home, and posted them on eBay for twice their retail price. But you can order them off the Apple site so why would you want to pay more?
I believe some of these eBay sellers will be taking their phones and receipts and returning them to the Apple stores next week.
And I read that you can't use the iPhone's iPod feature without signing up for AT&T service. So effectively you're renting your iPod. I'll take a good ol' ordinary iPod any day. There's no monthly fee with it.
2007-06-30 10:07:13 · answer #2 · answered by Tom S 7 · 0⤊ 0⤋
Simply because the demand for them is high. Remember the Playstation 3? It retailed for $599, yet on eBay you could see auctions reaching up to thousands of dollars.
2007-06-29 18:47:39 · answer #3 · answered by Purgatory 3 · 0⤊ 0⤋
It's because of the media hype Apple has managed to stir up, through paid publicists. The phone is readily available at Apple stores all throughout the country, so there's no arbitrage to be had. In fact, there aren't too many bids for the things on ebay,the only premium paid is the breaking of the contracts.
2007-07-01 13:04:35 · answer #4 · answered by seneschal 2 · 0⤊ 0⤋
Does anyone know where i can find an iPhone for cheap? I am about to buy it off ebay if i cant find one by today
this one seems alright i think http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=170126794448
does it look legitimate?
2007-06-30 10:57:39 · answer #5 · answered by m3m3m3 2 · 0⤊ 0⤋
Supply and demand. Limited supply, large demand.
2007-06-30 22:26:19 · answer #6 · answered by jdkilp 7 · 0⤊ 0⤋
Just cause they're new.....
If you're interested in one...be patient...let the ppl that have the $ get em, and complain about the bugs.....then the price will evenually go down. I hope, cause I really want one.
2007-06-29 18:46:51 · answer #7 · answered by cg in ok 2 · 0⤊ 0⤋