EBay Vultures Not Able to Make Money Off of Apple Iphone Resales

PROFIT POTENTIAL FOR APPLE'S IPHONE NOT ANYWHERE NEAR E-BAYER'S EXPECTATIONS
If you listen closely, you can almost hear every eBay reseller's cries of agony over the average low profit average of $54.43 that re-selling the $500 Apple iphone is currently posting on eBay. Do you feel sorry for the hundreds of eBay vultures who waited in line for up to ten hours hoping to take the Apple iphone they purchased directly to selling on eBay in hopes of generating hundreds of dollars of profit, but then watching their auction take place and seeing no bids on their iphones whatsoever?

Neither do I! These eBay vultures, as they are known as, need to wake up and realize that people are fed up with over-spending on an electronic item when it first comes out. Some eBay resellers made less than $34.16 in total profit, which was the median average profit in overall iphone sales, far less than anyone thought possible due to the current iphone shortages.

APPLE IPHONE RECEIVES NO BIDS AT ALL!
During some quick eBay research viewing of all the Apple iphone auctions in the two days following the initial iphone shipments to retailers, industry analyst Corey Spring estimated that more than half of all Apple iphone listings had not even received one bid. A few eBay resellers even lost money on the deal, according to Spring, which means that some of the people that did actually make low-bid offers on the many Apple iphones that were listed on eBay actually paid far less than the $400-$500 retail listing price that they would have paid at an Apple store or AT&T walk-in retailer.

The Apple iphone that was the most popular with the eBay buyers was the 8GB version that sometimes averaged far below the $500 retail value found in stores. This is considered a big victory for everyone that despises the profiteering that continually goes on at eBay at the cost of the average consumer who gets price-gauged on a regular basis using the popular auction site when buying new electronic items.

APPLE DOES GREAT JOB ON MOVING THE IPHONE THROUGH REGULAR RETAIL CHANNELS
Even though AT&T stores are now mostly sold out of the popular phone, Apple did a terrific job of moving their entire first shipment of the iphone through their regular retail stores, thereby avoiding the mass chaos that ensues whenever Sony releases a new version of the Playstation nationwide. Even at the late hour of 7:30 PM on June 30th, you could still walk into most iphone retailers and still purchase a phone with little delay.

That swift retail shipment on Apple's part spelled certain doom for most of the eBay resellers who were smelling blood on the night before Apple opened it's doors to all of the people camped out in wait to get their greedy hands on the popular phone. These resellers were not expecting that Apple would deliver more than half a million phones to all of the many consumers who had no intention of reselling this great new device.

Because Apple actually delivered the amount of phones necessary to all of the various retail outlets that are authorized to sell the iphone, prices are now coming down on auction sites everywhere, including craigslist as well as smaller eBay-type websites.

The way that Apple stopped the eBay vultures from making any profit on the many Apple iphones that were purchased over that frantic two-day period should be applauded. Apple showed that if you supply your customers with the product they need in a timely manner, there should never be any more cases of price-gauging on any auction site ever again.