Flipping iPhones on release day on Ebay profitable?

[rgr555]

I know in NYC a lot of people get paid to wait in line to flip them.

So, regarding the new iPhone 7 coming out, will you make a good profit if you pre-order online and then resell it on eBay? I'm not condoning this behavior or encourage it but I want to know.

What have previous releases shown to sell on eBay?

 

[EDH667]

I believe that may have been true a few versions ago, but lately there hasn't been as much of a demand. I believe there were a lot of flippers during the release of the iPhone 6s that ended up returning the phones because they couldn't make enough to cover the eBay/PayPal/shipping costs and still make a profit to make it worth it to purchase extras to sell. Also there is a possibility that the buyer is going to be a flake and file a claim within 6 months and then you end up with a returned used phone that will also eat into your profits. The practice doesn't make sense to me, too much risk for very little profit.

 

[44267547]

Sell on EBay and find out the buyer filed a claim stating they never received the iPhone, then your funds and account is locked, the buyer keeps the iPhone AND gets their money back, while your out the funds and the product, all while the buyer is laughing ready to fraud the next seller.

Good luck on EBay!

 

[Dirtydutch]

I believe that may have been true a few versions ago, but lately there hasn't been as much of a demand. I believe there were a lot of flippers during the release of the iPhone 6s that ended up returning the phones because they couldn't make enough to cover the eBay/PayPal/shipping costs and still make a profit to make it worth it to purchase extras to sell. Also there is a possibility that the buyer is going to be a flake and file a claim within 6 months and then you end up with a returned used phone that will also eat into your profits. The practice doesn't make sense to me, too much risk for very little profit.

Yea man the 6 seems like it may be one of the last to ensue such demand. It's like Jordan's now, the market is just flooded

 

[Applejuiced]

If you risk selling it on eBay instead of a profit you might lose money, get scammed or get a return 6 months later.
Not worth it.
You can try scalping it on CL or locally but to me it's not worth the time and energy to make $100 or so of profit.