iPhone X Models Flooding Craigslist and eBay Amid Six Week Shipping Estimates

[Martyimac]

Every single person who gets the phone is paying the market price of the phone even if it's not realize.

If you have a brand new $1000 phone - and you can easily sell it for $1000 more, that means you're paying $2000 for the phone.

The other $1000 is just an unrealized cost.

I will admit the economics classes in college weren't a high point in my grade point average. So can you explain this to me? It doesn't make sense, to me.

 

[jerryk]

I wish the providers would put a hold on transfers of phones until 90 days after ordering opens. That would let people who plan on using the phone have a better chance of getting theirs in a reasonable time frame.

 

[TouchMint.com]

I will admit the economics classes in college weren't a high point in my grade point average. So can you explain this to me? It doesn't make sense, to me.

Exaclty the reason I wasn’t planning on selling but will be selling.

 

[HarryWild]

For some reason, I was limited to 5 iPhone X 256GB all in Space Grey! I has a friend order another 5 Silver 256GB models and then they ran out of stock!

 

[asopublic]

I will admit the economics classes in college weren't a high point in my grade point average. So can you explain this to me? It doesn't make sense, to me.

I think it’s $1000 for the phone and $1000 for the ‘opportunity cost’ of not selling the phone for $2000.

I am not an economist

 

[Wolfmore]

excactly my strategy as well, I am even thinking of selling them both. I still rock a 6s and don't need an update, the 6s still does everything I want fine.
Its just ask and demand, Apple creates dumb shortages and apple fanboys are craving for their newest social life enhancement tool.
Even thinking of skipping the X and waiting for the Xs , the refresh will be due in 9 months...

I predict iPhone X Plus by April 2018

 

[imola.zhp]

Someone has a T-Mobile model listed for $59,999.

I'll be putting mine on eBay once I have it in hand. The prices are just going to continue to rise.

 

[JosephAW]

What's a few more dollars in order to be in the in crowd Nov 3?

 

[mi7chy]

I hope people counter this greed by posting for sale ads with price at or below MSRP.

 

[WolfSnap]

I hope people counter this greed by posting for sale ads with price at or below MSRP.

Good idea. Can I buy an iPhone X from you for $50? That’ll REALLY show the scalpers!!

P.s. I may have another iPhone X for sale for around $2000, if this guy sells me his phone for $50!

 

[CarlJ]

Free market, baby. I don't get why scalpers get such a bad name. If it was such a concern to Apple, they would (and could) fix the issues, but all this buzz helps them.

Scalpers got the bad name from things like concert tickets, where instead of you getting the ticket, the scalper gets the ticket, then turns around and sells it to you for way more money. Because he can. Not because he's offering any benefit, he just forced his way into being a middleman where none was needed.

You suggest that a simple fix is available to Apple - how do you think Apple could fix this problem, other than delaying the sale of the phone for several more months until they had tens of millions more phones sitting in warehouses?

 

[MACelmore]

For those in here that are reselling on Craigslist, you can conduct your business at your local police station for safety. See the list here: http://www.safetradestations.com/where-to-trade.html

 

[steve knight]

I'm not sure what is worse 1) the scumbags do this 2) people actually pay those prices

Why are they scumbags? It is the American way. Buy low sell high.

 

[steve knight]

The only people that should be blamed instead of scalpers is the people who buy from those scalpers. If you're willing to pay 50% extra just to get the product a bit quicker, shame on you.

Why shame? Foolish yes shame no.

 

[Mrjoedot]

this will only happen to Apple. how phenomenal!

 

[tito2020]

Scalpers got the bad name from things like concert tickets, where instead of you getting the ticket, the scalper gets the ticket, then turns around and sells it to you for way more money. Because he can. Not because he's offering any benefit, he just forced his way into being a middleman where none was needed.

You suggest that a simple fix is available to Apple - how do you think Apple could fix this problem, other than delaying the sale of the phone for several more months until they had tens of millions more phones sitting in warehouses?

these are all chinese people they get 1st digs in china
[doublepost=1509155509][/doublepost]something is fishy if they dont accept returns on these items

 

[mac_terry]

Normally I buy one to rock and one to stock when it comes to shoes, but this was an easy sell to buy an extra to sell.

My state has no sales tax and is a conceal carry state. Sounds like profit + profit for me. My wife & myself welcome all daring thieves, we'll even call 911 so the local hospital we work at can pronounce a swift "time of death."

Wishing someone get robbed is just as bad if not worst than the scalper situation.

 

[Charles50]

The last time I saw something like this, people were selling their spot on the waiting list (with a prepaid deposit) for Butterfly Labs bitcoin miners. Of course they never delivered any of them, BFL used the money to build the machines and "burn them in" by mining bitcoins for themselves, and only delivered them once they were no longer powerful enough. Then the Feds shut them down for fraud.

This is not to say that Apple is anything like the obvious scam that BFL was. But the scalpers ARE. If you buy a spot in a queue, you are not buying a product. You will get scammed.

 

[tito2020]

ebay has started pulling listings

 

[IJ Reilly]

Actually it is not like this… Because those people that buy from scalpers Will not get the device on launch day anyway

One of the first. Now that wasn’t so hard was it?

 

[mcdj]

ebay has started pulling listings

Nonsense. There are currently 1800+ listings for iPhone X priced over $2000. And ebay won’t be pulling any of them because they want their 10%.

 

[Defthand]

Apple should sell the first 10,000 iPhones with nothing, but serial numbers engraved for $5,000 each, just so the rich people can buy without waiting.

That’s actually an excellent business idea. Like numbered art prints, a limited number could be sold at x2 to
affluent VIPs or nuerotic fans.

 

[greenmeanie]

Probably Youtube reviewers buying them.

You have to be in a bad way to pay even more for the phone than the original asking price.

 

[Ghost31]

You have to be in a bad way to pay even more for the phone than the original asking price.

I’ll never understand why people won’t just be patient. I’ve waited my ENTIRE LIFE until now to get the iPhone X. That’s 33 years. I can wait a month on pre order.

 

[Ghost31]

Why am I not surprised?

It's sad, but there are wealthy people out there that are willing to fork out that kind of cash just to satisfy their itch. And unfortunately, the scalper benefits from it.

I’ll be the weird one here, but even if i was as rich as Bill Gates, i would NOT overpay for a phone just to have it earlier. Just the fact that i’m paying the person responsible for buying up iPhones and reselling makes me not wanna give them my money