TELECOM Digest OnLine - Sorted: Early iPhone Buyers Trying to Sell Them OnLine at Big Markup

Early iPhone Buyers Trying to Sell Them OnLine at Big Markup

Reuters News Wire (reuters@telecom-digest.org)
Fri, 29 Jun 2007 22:40:43 -0500

Many people who lined up to be the first buyers of Apple Inc.'s iPhone
made good on promises to try to flip the gadgets online at inflated
prices, but a quick buck appeared out of reach for many.

Auction Web site eBay had more than 400 listings for iPhones just two
hours after the combination mobile phone, Web browser and music and
video player went on sale on the U.S. East Coast.

But the vast majority of offers failed to attract even a single bid,
and many of those that had were not yet above the list prices.

A handful of offers did draw enthusiastic bidding. One eBay auction
had attracted 35 bids and a leading offer of $1,520. Another was up to
$960 with 25 bids.

The iPhone is available at Apple and AT&T stores in two models costing
$500 and $600 depending on whether it has 4 or 8 gigabytes of
memory. It requires a service contract from AT&T Inc. that runs at
least $1,400 over two years.

Online classifieds site Craigslist had 404 iPhone listings for New
York City, with most seeking about $1,000 and one optimist wanting
$10,000 from "collectors only."

Copyright 2007 Reuters Limited.

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