That is why they are still Billionaires, the more money you have the less willing you are to spend it
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iPhone X Models Flooding Craigslist and eBay Amid Six Week Shipping Estimates
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That is why they are still Billionaires, the more money you have the less willing you are to spend it
Neither is forced to do this.
I personally find it worse when people judge other people for things they willingly do without breaking any laws.
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That kind of money is like a pocket pennies for some people. They neither do want to stay on a line to buy one, nor wait 6 weeks. They see something they like and they want is as quick as practically possible. They can afford it. And of course, we can judge them.
If he can return the phone with no penalty, is there any risk for the seller if he can’t find a sucker? That’s where the problem is. But Apple may like an out of the gate frenzy to pump up desirability.
Concert tickets are not really limited. If a concert is sold out within five minutes due to scalpers, the venue can just announce a second performance on the next day. As long as it sells out, add another performance. I don't think an artist will mind too much to do ten performances in an empty concert hall as long as it is sold out.
In the UK they start asking for your name when you buy tickets, and you need to show a passport or driving license with that name when you go to the concert. That makes it a lot harder for scalpers.
Its only bad if you can't afford it - people pay far more premiums for certain cars....
I'm not concerned. There are people who are *******s and parasites (scalpers), and other people who are morons (whoever buys from the scalper instead of waiting a bit), and I feel fine telling everyone on the internet that they are *******s, parasites and morons. Am I concerned? No. And it's not "free market". It's a combination of free market, greed, and idiocy.
"Apple said in a statement this morning that demand for the iPhone X is 'off the charts'" - now imagine what the demand would be if it kept the fingerprint scanner and it did not have THE NOTCH.
Good idea. Maybe do an auction, where you could bid on each serial number. How much would someone bid for iPhone X #1?
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Apple could help by increasing the risk - no returns for any iPhones bought while supply is limited. Warranty only for the original purchaser (although I don't know if that is legal).
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No. Traders buy something that I couldn't easily buy myself, and make it available to me. It would be very difficult for me to contact a manufacturer to buy an item; the trader buys from the manufacturer and offers it to me. The scalper doesn't do this. The scalper offers things that I could easily buy myself. Except the scalper takes items away from the market.
I've been perusing many of these listings for iPhone X's on eBay, and sorting them by completed/sold auction-style listings.
MOST of the listings are barely going for retail prices plus what would have been applicable taxes/fees, so these folks who are putting their Nov. 3rd confirmed pre-orders up for sale are barely making anything.
MOST of the auctions that are for way above retail typically have starting bids that are over $2K, and usually only with a single bid. I'd be willing to bet that the majority of these sky high auction values are by people who have no intention of paying........possibly with zero feedback and had just created an account to kill auctions.
Sure, there are some people with a LOT of disposable income who are willing to pay an exorbitant price to get their hands on one, but I don't think it will be anywhere NEAR the level that this article suggests. With some folks shipment dates already being moved up, and the fact that people are already wary of paying such a premium over an already premium product, to me this is being blown way out of proportion.
MOST of the listings are barely going for retail prices plus what would have been applicable taxes/fees, so these folks who are putting their Nov. 3rd confirmed pre-orders up for sale are barely making anything.
MOST of the auctions that are for way above retail typically have starting bids that are over $2K, and usually only with a single bid. I'd be willing to bet that the majority of these sky high auction values are by people who have no intention of paying........possibly with zero feedback and had just created an account to kill auctions.
Sure, there are some people with a LOT of disposable income who are willing to pay an exorbitant price to get their hands on one, but I don't think it will be anywhere NEAR the level that this article suggests. With some folks shipment dates already being moved up, and the fact that people are already wary of paying such a premium over an already premium product, to me this is being blown way out of proportion.
I'm concerned, are you or someone in your home planning to eat the phone?
Except there's a schedule, many times announced in advance of the tour, there's travel time, recovery, etc. I've been to plenty of shows, reasonably big acts, sold out, and rarely was there ever additional shows scheduled "on the fly" (and the scalping was nuts ...) Probably not a good example to refute
I'm confused by what the actual problem is. People who want to sell phones, sell them to people who want to buy phones.
I usually do Craigslist because I enjoy the interactions sometimes. Been doing it since 2010 when I sold an iPhone 2G to help fund for the iPhone 4. More enjoyable selling and buying from Craigslist than my experience with Verizon employees around my area. But I hate the low ballers. Even with my ads that says FIRM PRICE, they still want to haggle.
I'm also the type that no longer cares if it is new or second-hand. My PS Vita slim is used and I love it. It creates this feeling that since it's already used up, you don't care if you scratch it or drop it. And if you don't like it, you can sell it for nearly how much you got it for. With new, the depreciation once you open the box is like driving a brand new car out of the lot.
I'm also the type that no longer cares if it is new or second-hand. My PS Vita slim is used and I love it. It creates this feeling that since it's already used up, you don't care if you scratch it or drop it. And if you don't like it, you can sell it for nearly how much you got it for. With new, the depreciation once you open the box is like driving a brand new car out of the lot.
Would I pay over retail price? Absolutely not. Would I spend _any_ cycles to make a few hundred bucks? Again, no, I have time allocated to my profession, to generate revenue, and re-selling smartphones isn't part of that. However, like many people have pointed out: regardless of buyer willing to pay - what I personally consider idiotic - up to / over double retail vs. just waiting a few weeks, or, the kind of crap-tacular practice of buying just to resell - there are buyers and sellers present, so it's going to happen.
Remember eBay and Paypal fees add up to about 15% of the 'sold' price on eBay, so if you're selling at £1250 you only end up with about £62.50 profit, assuming the sale goes through smoothly and the buyer doesnt screw you by claiming there was a used 6 in the box and sending it back with a used 6 in the box and keeping the X.
With the delivery times already coming forward, it might hardly have been worth the effort by buying to sell on.
With the delivery times already coming forward, it might hardly have been worth the effort by buying to sell on.
Just report every auction with the reason that they don't have the product available.
It's against eBay's TOC to sell something that you don't yet have, IIRC.
It's probably SD bottom feeders at work here. They exploit everything, often with questionable legality.
It's against eBay's TOC to sell something that you don't yet have, IIRC.
It's probably SD bottom feeders at work here. They exploit everything, often with questionable legality.
As for what side I’m on, I choose to not partake in that kind of buying or selling. But I also don’t get upset at others that choose to resell. It’s business in the free world and I’m thankful for that. There are some inconveniences that come with that freedom, but the pros far, far outweigh the cons.
Apple limits how many one person can buy. And if a regular user wants an iPhone X, they can certainly get one in about 4 weeks. Life goes on!
Number 2 because they are the cause of the problem, without people paying that much, there would be no scumbags...
I have been watching some of the iPhone X UK auctions on ebay out of interest. Here is an example:
iPhone X 256GB Space Gray ended at £1320.
Here is the price breakdown after fees:
Sold: £1320
ebay's fee: £132
PayPal's fee: £45
Shipping: unknown
End: £1143 (without shipping charges).
Phone cost: £1149
He is already down £6 on this deal, and that is not including the shipping as well... I have added the snapshot of the mentioned auction.
Attachments
for the life of me I can't figure out why people are calling this a $1000 phone. a 356 is $1149, + $130 taxes, + $199 for AppleCare... This is a $1500 phone!! so let that be your real starting figure and then $1650 isn't that high...
I repeat...this is a $1500 Phone!!
I repeat...this is a $1500 Phone!!