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Will people be reselling iPad 3's for $$$?
- Thread starter lupend88
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If the delivery dates in the US stay at or around mid-March, what we may end up seeing is a massive number of returns 10-14 days after that. Those returns would be those units people ordered in the hope the could "flip" them for a quick profit. I suspect there are a lot of units ordered on the premise that its really, due to the right of return, a no-risk proposition. I dont see anything wrong with that as its an economically logical thing to do.
I remember, when I was standing in line at the Apple Store for the iPad2 launch, that when the Apple salesperson holding the inventory tags came to me in line and asked "what do you want," I told him one unit. He gave me a funny look (given that there were about 500 people in line behind me) and said, "dont you want one more?" I said no, so he shrugged and went on to the next person in line.
What I didn't realize was, for those of you who remember the iPad2 launch and all the shortages, was that this guy was, for all practical purposes, holding money (in the form of the profit that could be immediately made off a resale). He offered me more money and I said no (smile).
That all being said, I love my iPad2, but I "left money on the table," so to speak.
I remember, when I was standing in line at the Apple Store for the iPad2 launch, that when the Apple salesperson holding the inventory tags came to me in line and asked "what do you want," I told him one unit. He gave me a funny look (given that there were about 500 people in line behind me) and said, "dont you want one more?" I said no, so he shrugged and went on to the next person in line.
What I didn't realize was, for those of you who remember the iPad2 launch and all the shortages, was that this guy was, for all practical purposes, holding money (in the form of the profit that could be immediately made off a resale). He offered me more money and I said no (smile).
That all being said, I love my iPad2, but I "left money on the table," so to speak.
I have no problems with resellers, i.e. individuals buying extra iPads to sell. If I had the available capital to buy several at once I would do the same. What I do have a problem with is the syndications that hire a crap ton of people for a few bucks, and have them continually camping out and taking up all of the stock, like last year.
A rational response from a non-reseller! Brilliant.
I bought 4 iPad 3s. One for me to keep, three to resell. When I saw that they weren't selling out immediately, I canceled two of them. I'll try to resell the third, and if I can't, I'll return it. No risk, high reward.
People hating on that are silly.
I wouldn't say I am "mad" (or jealous or any other ego inflating rationale you care to dream up) at resellers...that would imply an emotional attachment that simply doesn't exist on my part...I just consider the behavior to be scummy...contemptible...
It's the same principle; the same rational at work....i.e. its just capitalism in action...what does scale have to do with right or wrong or whether you have a problem with it?
Ridiculous. Do you realize that EVERYTHING you buy in a store has been purchased at a price lower than you are paying, and then marked up so the store can make a profit? So what you're saying is, it's fine for a store or company to do it, but individuals are scum if they do. Taking advantage of profit opportunities is a very basic fundamental of capitalism.
Why not be angry at Apple? They're charging more than they have invested in every single iPad sold!
I probably won't. That's why I returned two of them when I saw they weren't selling out. I kept the third just in case they do sell out and the price jumps a little bit before my 14 day window is up. I imagine I'll be able to swing a $100 profit out of it somehow. Certainly not a 100% profit like they were with the iPad 2, but that's life.
If not, I lost nothing.
Those are pretty strong reactions from someone who doesn't care.
What I am is that yes, it is fine for Apple to sell directly to its consumers or though registered middlemen (Best buy, Wal-Mart, etc)...not so fine for parasitic resellers that have no fundamental reason to exist...this idea that resellers like this are fundamental accepts of a capitalism is what's ridiculous...free markets are fundamental to capitalism, not gray markets...
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It's internet...strong reactions to trivial matters are the norm, not the exception...
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I saw that too but I thought it was only for iPhones. It makes sense though if you think about it... So funny that they are made there but that the Asians cannot get them when we do.
Capitalism, sure, not legal capitalism though as the wages being earned by those in line aren't getting reported to the IRS nor is the profit received by the scalpers. Either way not my problem but it's just taking unfair advantage of a situation. Like I said I don't care if an individual wants to make some money, and really by either means. I'm speaking more of which scenario would irritate me personally if I were affected, Joe Blow buying an extra iPad or few to sell or a shady probably crime syndicate oriented crew illegally hiring hundreds of people under the table to keep camping out overnight every night and taking up all of the product. For me it would be the latter.
Or Walmart or Best Buy. They'll all have them on March 16th. I wonder why I never though about them..
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How'd you do that?
Just to be clear, it actually is completely legal capitalism. There's nothing even theoretically illegal about reselling this particular consumer good. You don't have to be a licensed reseller (that title just allows you to buy at wholesale costs among other things), or have any other qualifications.
Not reporting your taxes and wages is illegal, but that's completely separate from engaging in the act of commerce, and does not magically make the the legal transaction you engaged in suddenly illegal.
i don't think its unreasonable to assume one can flip an ipad for $75-100 profit, some one might want to avoid waiting in line. selling for $2-300 over retail might be hard though.
with a credit card you're not even playing with your own money...if you can't unload them on craigslist within 13 days then bring them back on the 14th day for a full refund...zero risk...
with a credit card you're not even playing with your own money...if you can't unload them on craigslist within 13 days then bring them back on the 14th day for a full refund...zero risk...
I am no lawyer, but are you sure about...seems a bit of conspiracy is taking place, especially in large scale operations...the legal act of buy and selling these consumer goods might be compromised by the conspiracy to commit tax fraud...you can't use legal means to accomplish an illegal result.....if it can be proven that the ultimate intended outcome was tax-free profit, then the whole act/operation would be illegal...
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If you sold your Ipad 2 for $400 or more and then sold a new iPad for $100 more than you essentially upgraded for $0. Don't see any problem with that. If a real shortage hits 1-2 months long. Then there will be those out there with deep pockets that don't want to wait and may pay $200 - $300 more. So then you essentially upgraded for $0 and made a profit on top of that. There really isn't any risk to it if you have the money to purchase them especially with a 14 day return.
No harm, it's a way to offset the cost of the ipad you keep for yourself. People get mad at people who do this but people are willing to pay high prices instead of waiting. So it works!
Or blame the people willing to pay more than retail. They are the reason people resell them.
Not reporting income is an offense completely separate from the activity that earned you that income, even if you intended all along not to report that income.
In other words, conspiring to commit tax evasion doesn't render illegal the act itself that earned you the income you didn't plan to report.
not yet. Until there is a 2-3 week wait to ship time period. Then you would probably start to see profit
What are you talking about??? Just order 2 on launch-day to be shipped like I did. No aggravation in that.
It is possible also that they really didn't sell out.. there was just a limit as to when you could order that it arrives by the 16th from China
