A couple weeks ago I wrote about iPhones selling for thousands of dollars on eBay. And a couple days later I posted a video about a lady who had dreams of making $100,000 by selling all the iPhones she could buy there. Apparently today iPhones are selling for very little profit, and sometimes even a loss. I’m betting that lady is breathing a huge sigh of releif right now that all she did was lose $800.
Cory Spring of Newsvine compiled an 8 hour snapshot of iPhones sold on eBay. Out of the 993 phones sold, the average profit was only $54.53, and a couple phones even sold for more than $200 in loss, including this one which took a $285.93 hit.
Even though the iPhone sold 500,000 units on it’s debut weekend, Apple has been able to keep up with the demand. The laws of supply and demand state that people won’t buy stuff from you at a higher price if it’s readily available to them at a lower price elsewhere. My hat goes off to Apple for actually keeping up with the demand on a new product.
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