Reselling Iphones

SNOWBALL · #1 06-27-2007, 08:23 PM

You can get 2 per person.
They're available online through the apple website.
The dude I talked to on the phone from apple said they have "plenty" (whatever that means) in stock because they are expected a high demand.

Does anyone see this as worthwhile? I'm very much doubting this could be anywhere near as +ev as reselling PS3s turned out to be.

JJSCOTT2 · #2 06-28-2007, 02:51 AM

When the "Matrix" phone came out, I believe it was retailing at like $499, my friend got a hold of a couple and was selling them in the mid to high $800's, I don't see why that wouldn't be the case with the iPhone unless there are going to be soooo many that all demand would be satiated.

mdeck · #3 06-28-2007, 03:10 AM

It really depends on the hype. There are a couple iPhone pre-auctions on ebay right now starting at $1200 with a BIN of $1799. I am considering waiting in line but it isn't worth it unless I can move at least 5 or 6, but it's not worth it if I can only make around $100/phone.

r3vbr · #4 06-28-2007, 04:14 AM

iPhone sucks. Motorola will rape apple on the cellphone market. expect apple share sub-$100 by december

DesertCat · #5 07-02-2007, 09:19 PM

[ QUOTE ]
iPhone sucks. Motorola will rape apple on the cellphone market. expect apple share sub-$100 by december

[/ QUOTE ]

You might be right about Apple's share price, but I doubt anyone will touch the Iphone for quite a while. Steve Job's is an obsessive maniac and because of that Apple does user interface far better than anyone else. I think it's hilarious that Palm, who revolutionized the PDA market, had 5 years or so head start, and is getting pwnd so badly by Apple.

I just ordered the 8 gig, and I have little to no idea how the damn thing works. I just know I can count on Apple to make it work better than any phone/pda I've ever had.

maxtower · #6 07-02-2007, 09:30 PM

Estimates of Apple's component costs for the thing are at about $200-$220. Thats a hefty margin. That doesn't include assembly or marketing costs, but if they sell a bazillion of these things, the profit will be rolling in.

pig4bill · #7 07-03-2007, 12:14 AM

[ QUOTE ]
I think it's hilarious that Palm, who revolutionized the PDA market, had 5 years or so head start, and is getting pwnd so badly by Apple.

[/ QUOTE ]

I wouldn't say Palm revolutionized the PDA market. They did copy the Apple Newton at a lower price.

SNOWBALL · #8 06-28-2007, 05:26 AM

[ QUOTE ]

It really depends on the hype. There are a couple iPhone pre-auctions on ebay right now starting at $1200 with a BIN of $1799. I am considering waiting in line but it isn't worth it unless I can move at least 5 or 6, but it's not worth it if I can only make around $100/phone.

[/ QUOTE ]

The stores have a 2 per person rule, so you have to average a pretty decent markup on the phone just to breakeven for paying the person who waits in line for you. The good thing is that all apple stores have a cash return policy (according to the guy I talked to at the apple callcenter) so the downside is limited.

edit: also, the apple store is selling them online, so I dunno why people would go to ebay to buy them. At least with PS3 we knew there was going to be a shortage because of manufacturing problems they were having.

Nicholasp27 · #9 06-28-2007, 11:15 AM

people are selling their 'line-waiting' services for a few hundred, so there is money to be made

i have to work, so i'll be trying to buy online; i'll try to buy 2 and have my wife buy 2; then we'll sell them on ebay if it works

mdeck · #10 06-28-2007, 02:58 PM

I've been thinking about it and with no knowledge of how much stock Apple has I think I am just going to buy some online, and if I can't ebay them I'll just return them in store, Time spent in line also has to overcome my earn from poker over that span and unless I could flip the phones for double MSRP I don't believe that it is worthwhile.