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Getting the X only to sell it for a small profit?

Peter K. said:
Scalping car dealers suck, too. In 2002, I refused to pay over sticker for BMW M3 convertible, so I went to a dealer relatively far away, who was not "scalping" ($15k over MSRP at other dealers). When it came time to buy a less in demand model for my then-fiancé, guess which dealer got the business?

EDIT: At least in my case, however, said dealers were "scalping" in their actual business. No one here who plans to scalp iPhone X is an Apple dealer, so they suck even more.
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I don’t have any issues with scalpers in this industry because they are simply selling a non necessity. People don’t ‘need’ the iPhone X or any other phone, it’s just a ‘want’ product. It’s the same with cars and prices would not be inflated if demand was not there with people willing to pay it.

It’s not like driving to famine regions in Africa and selling food and water with the intention of conning people and taking advantage. The iPhone X is desirable to some and that is it. I have no interest in it myself but if I was ofer d the chance to buy at retail and sell for a profit, I’d do it.
 
Will you make a profit? Sure. Is it worth it? Debatable. It really depends on how restricted stock is, and if people have any confidence in Apple managing to at least deliver in a timely manner. If pre-orders go live and immediately the shipping estimates rocket to over a month, then the resell value will be high.

If not, it's not worth the hassle IMO.
 
Eggtastic said:
IF (and that's a big if), the supply is extremely low as predicted by "sources", would anyone who ends up lucky enough to snag one before the holiday season try to sell it for a small profit?

I am not blown away by the X, but am impressed. I was thinking if can sell it to make a few hundred (or double my money which would be nice). Also, I am toying with the idea of getting an s8+ because I am bored with iOS and am looking for something new. However, if the iPhone X is as nice in person as the videos make it to be, then maybe I will just keep it.

Don't bother commenting to berate me on the idea on how its "morally wrong". I could care less and if I can profit well enough from this then you bet your ass I will sell it.
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It’s not worth it for me to go through the hassle. I don’t need the money that bad and heck my time is worth more than 200-300 dollar profit.
 
Nobody is going to force anyone to overpay for an iPhone X. Those who do will do so willingly and anyone has an issue with that can cry me a river. I may hold only mine until about December 20th and really profit from it.
 
Eggtastic said:
If I got anyone upset, you need to relax. It is just an idea. I have a full-time career with health and benefits. Beer money here and there never hurts (I've done this with console releases that were in short supply).

Besides, I am toying with the idea of keeping it if I get one sooner than later. However, I have been slowly migrating my app usage from apple to google and am not restricted to apple's eco-system anymore. I've been with apple since 2009 with MacBooks and iPhones. They have served me well and the customer service is top notch. With other companies catching up and surpassing apple is design, it's hard to justify staying with apple.
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No need to explain yourself to these ...I will be ready to preorder two x’ at 0301 on the 27th and if I succeed, will be flipping them to any fanbois willing to pay whatever for the honor of showing off that notch on the 3rd
 
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Reselling iPhones has been a thing since the original iPhone. Aside from this year I don’t know that there’s been a year where you couldn’t make a small profit in the newest device (maybe discounting the 5c and SE launches).

At the end of the day I don’t judge. You stiff in line or got your order in you can do whatever you want with it. You keeping it versus selling it isn’t going to change anything for me, really.

We are talking about a lot of cash here though. So be smart about how you go about selling.
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bufffilm said:
I'm not interested in the ipX, but it would be poetic justice in a way to deprive the scalpers of 2 phones by my pre-ordering.

My credit is good and the Apple Store is only 1.5 miles from my house should I want to return them. 😀

All I said earlier...it's not the Apple fans alone who will be buying this phone. And those "Good, there will be more for me" posters need shutting up, too. Makes one think. 😀

And if someone wants to pay extra to buy my phones, I'm not adverse to making money. Maybe I will pre-order after all.

I'm with Verizon and those phones will be the hottest tickets to boot!
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If your store is anything like mine there are resellers constantly showing up in the mornings post launch, or even just hanging out all day in front of the store. The chances that you “deprive a scalper” are just as good as you depriving an actual customer. Unless you’re somehow reselling st cost and betting who you’re selling to.
 
Infiniverse48 said:
Right, but how does that help, what I mean is that even if you buy a Verizon unlocked iPhone paying in full, it still forces you to choose an account from what I’ve seen... if you choose your account then firstly, you’ll be charged the activation fee on the next bill, and secondly, it will come with a Verizon SIM card attached to your line, inside the phone. This means that you would have to open the phone, remove the SIM, and then sell it as opened, as well as pay the activation fee....

See, an example is the iPhone 8, currently you can buy the phone in full ‘unlocked and without a SIM’ which means you just buy the phone and take it to the carrier of your choice after you receive it, which would let you scalp it, but that does not seem to be possible with the iPhone X, based on running through the process right now.
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Why would you have to open the phone just to remove the sim, you don’t need to do that. Verizon phones are unlocked. Whoever buys it just takes the sim out when they open the box, ain’t that hard. As far as an activation fee who cares, with the profit being as high as they are Im not worried about $36. You do this because the X won’t have a sim free version like the 8 at launch, that will come later.
 
Ever since the iPhone 4S, I have always bought 5 phones in the US and sold them in my country for profit before the official release date. Plenty suckers willing to pay way over retail to be "the first" to have it, and it always allows me to basically get my iPhone for free.
 
BigDO said:
Ever since the iPhone 4S, I have always bought 5 phones in the US and sold them in my country for profit before the official release date. Plenty suckers willing to pay way over retail to be "the first" to have it, and it always allows me to basically get my iPhone for free.
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Capitalism is a beautiful thing.
 
Stayfly2407 said:
Why would you have to open the phone just to remove the sim, you don’t need to do that. Verizon phones are unlocked. Whoever buys it just takes the sim out when they open the box, ain’t that hard. As far as an activation fee who cares, with the profit being as high as they are Im not worried about $36. You do this because the X won’t have a sim free version like the 8 at launch, that will come later.
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Maybe you’re unaware of this, or just don’t care, but the human being who buys and receives your iPhone X which has been activated on a line on your Verizon account could simply not take the SIM out and then you have to deal with calling Verizon and cancelling that line/phone which sounds like a lot of trouble.
 
For those who have sold new iPhones to Chinese buyers in recent years, how did u ship them? I heard they’re cracking down on shipping new iPhones into their country. You either declare them and pay tariff or try your luck hoping they won’t get checked during custom entry.
 
You sure you will be able to sell it to make profit because it looks like they are going to meet the demand I think if I read it correct that they will be able to produce 36-40M units for lunch day and I think till the end of the year:/ Correct me if I am wrong, please.
 
lordofthereef said:
If your store is anything like mine there are resellers constantly showing up in the mornings post launch, or even just hanging out all day in front of the store.
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Yeah, that had occurred to me also.

There's no way to ensure the phones go to those that are buying to keep.
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kevjen888 said:
For those who have sold new iPhones to Chinese buyers in recent years, how did u ship them? I heard they’re cracking down on shipping new iPhones into their country. You either declare them and pay tariff or try your luck hoping they won’t get checked during custom entry.
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Stop asking this question...this isn't the first time you've asked.
 
Many of these comments crack me up. People suggesting 'karma' will get a flipper in time. That a flipper is basically a criminal with next to no moral value.

People buy and flip just about anything and with good reason. Yet the thought of them doing it with a phone and everyone loses their damn minds over it.

Perhaps if Apple was a bit better at meeting demand given that according to Ive the X has been 2 years in the making, or perhaps if people with deep pockets were patient, there wouldn't be a market for this.

Without getting too personal, yes, I do make an excellent living fortunately (since someone suggested flippers get a better paying job). But if I bother to wake myself up at 2:00am, go through all of the proper channels to score an X on launch day, pay the money it requires.....just like everyone else.....then it honestly shouldn't matter to a single other soul what I do with my purchase. Not I, nor anyone else in these forums or in the regular world owes phone availability to anyone else. If you choose to feel pissed off that you don't get your phone on launch day, hey, feel pissed. But that flipper did nothing different than you, and they owe you nothing in regard to what they choose to do with their device.
 
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kevjen888 said:
For those who have sold new iPhones to Chinese buyers in recent years, how did u ship them? I heard they’re cracking down on shipping new iPhones into their country. You either declare them and pay tariff or try your luck hoping they won’t get checked during custom entry.
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I ship to a drop shipper who then deals with the overseas buyer. There’s still risk involved with chargebacks and whatnot but I’ve never shipped to an overseas address directly. Even if I did ship directly overseas I’m not worried about tariffs since I’m exporting and tariffs are collected on imports.
 
Do what you want, but don't make threads/posts here bragging about buying a bunch to flip. Enjoy your profits and don't stir the pot.
 
If you sell it to a foreigner through eBay or whatever, it will be a small profit to you but the same cost to them. They just wouldn't have to wait for the X to be officially released in their country.
 
to be honest i am doing the same thing i have heard supply is very low i am looking to sell it for 1700 and make 700 profit i have a iphone se and i am happy with that
 
esaelias said:
to be honest i am doing the same thing i have heard supply is very low i am looking to sell it for 1700 and make 700 profit i have a iphone se and i am happy with that
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Raise you price another $1300, it'll sell. There are a handful going for $10K and above.
 
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