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iPhone X pre-orders are being scalped on eBay for $1,500, on average

Demand for the iPhone X has been off the charts, based on Apple, which led to the brand new system promoting out in a matter of minutes. Well, that and the restricted portions accessible at launch. According to a number of reviews, ship instances dropped from two to 3 weeks for all fashions to as much as 5 weeks solely 10 minutes after pre-orders opened up. Because of the shortage of the hotly anticipated system, sellers have been scalping their pre-order confirmations on eBay, hoping to money in on shopper demand.

According to the most recent figures from eBay, there have been greater than 1,200 listings posted on its website inside 45 minutes of the pre-sales opening at 12 midnight PT at present.

We ran an iPhone X search now, and located greater than four,480 stay listings, the bulk being Buy It Now gives as a substitute of auctions.

eBay additionally tracked an enormous spike in iPhone X searches on its website.

From midnight till 1 PM ET, there have been 36,555 searches for iPhone X, the corporate tells us.

While it’s too quickly to say what the average promoting worth is — that may require extra gross sales knowledge over an extended time frame to be correct — eBay says a lot of the listings seem like within the $1,500 worth vary.

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For comparability’s sake, the iPhone X begins at $999 for the 64GB mannequin, and goes as much as $1,149 for the 256GB mannequin — so there’s positively a mark-up in place. (The $1,500 worth vary seems to use to the 64GB iPhone X, from what we’re seeing.)

And let’s not neglect that some folks have posted their iPhone X  pre-order confirmations for sale at costs that may solely be chalked as much as wishful thinking — like tens of 1000’s of or extra.

Good luck getting somebody to pay $60Ok for the brand new iPhone, dude!

The profit to buying for the telephone on eBay is that you just’ll be capable to get it faster than the ship instances Apple is now in a position to promise, even if you happen to’re paying extra. You’ll even have a wide selection of units to select from by service, end or space for storing.

As for the dearth of stock, Apple would love you to imagine it’s all demand-related. The firm at present issued an announcement to that impact, saying:

We are thrilled to be taking orders for iPhone X, the way forward for the smartphone. We can see from the preliminary response, buyer demand is off the charts. We’re working exhausting to get this revolutionary new product into the palms of each buyer who needs one, as rapidly as potential. We will maintain accepting orders on-line, and iPhone X will likely be accessible at Apple retail shops on Friday, November three beginning at eight a.m., in addition to from our service and retailer companions world wide.

However, it’s not potential to know if whether or not it’s actually excessive demand that led to the fast sellout, as Apple didn’t share what number of units it had accessible at launch. Some analysts, nonetheless, had mentioned they anticipated solely two to 3 million can be on hand forward of iPhone X’s November debut. To put that into context, the iPhone 6 offered greater than 10 million models its first weekend. (Apple not releases first weekend gross sales figures for new iPhones.)

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eBay will proceed to trace iPhone X gross sales over the weekend, and we’ll replace if and when the corporate has extra knowledge to share.

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