iPhone Arbitrage?
June 30, 2007
Assuming Steve Jobs didn’t make enough iPhones has ruined the plans of more than 1,000 people who are trying to sell iPhones on ebay. Anyone who wants an iPhone can simply walk into any AT&T or Apple store and walk out with a 4gb or 8gb iPhone this weekend. Evidently, a lot of people assumed that the iPhone would sell out.
Ars Technica wrote about the "sell-out that wasn’t" writing that, "once the dust had settled, once the fog of war had cleared… there were still giant piles of iPhones left. I imagine Phil Hartman on a giant mountain of Colon Blow, except it’s Steve Jobs laughing maniacally on top of a hill of iPhones. Only Steve Jobs could get people to wait in line for something that, well, you didn’t need to wait in line for." Ebay even assumed there would be a wait list (note promo from ebay’s website to right).
Ironically, someone didn’t tell ebayers you can simply buy an iPhone at the store. Check out the highest prices for iPhones on ebay this afternoon:
Anyone buying these? I hope not. These guys are officially iLosers…
