I have always been wondering why do people stand in the line for days before the new iphone is going to launch. I thought they are big apple fans. But I have seen a lot of ads popping up on Gumtree to sell those iphones for double the price.
This guy is hoping to sell Iphone 5S 64gb for $1800 each. Thats like $600 more than Apple's retail price.
I read in news today that Countries where these iphones are not launched yet, these phones are sold for 250% premium.
Thats insane.. atleast imo.
Do people just pay double the price just to show off for 30 days? I cant think of any other reason why someone would buy a $1200 phone for $1800.
The same thing happens each year, limited stock = high demand.