A master plan has been drawn, and the profits have been marked. Turns out, among the many who rushed to Apple stores yesterday to get their hands-on the new iPhone X, some had bigger plans than you would think. Reportedly, some people have purchased the new iPhone X, only to re-sell it for a fat margin.
The idea being that a busy person who doesn’t want to wait in line will spend the extra money, just to get ahold of the new iPhone now. This strategy of buyers can also be owed to the reports of slim deliveries of iPhone X this time. Reportedly, this time around Apple has sent out a very limited delivery of the new iPhones to Apple store, and the resellers, leaving many unhappy.
The iPhone X is the most expensive iPhone so far, with the 64GB base variant priced at Rs 89,000. The 256GB variant retails at a whopping Rs 102,000.
However, on eBay India, a 64GB variant of the iPhone X, which otherwise costs Rs 89,000, is selling for as high as Rs 148,000. The iPhone X 256GB variant, on the other hand, has the highest quoted price of Rs 170,000.
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The same is the story abroad. According to a report by USA Today, as opposed to the $999 price of the iPhone X in the US, some are re-selling the device for up to $2,000 on sites like eBay. The publication shares about one such buyer, who planned to buy two units and raise enough money to buy a 15-inch MacBook Pro, which starts at $2,400.
“In fact, prices on re-sale sites are all over the map, as low as $1,450 for opening bid prices on eBay, to as high as $6, 710, for both the entry level model with 64 GB of storage, and the 256 GB editions,” the publication reports.