Worth buying iPhone 7 purely for reselling purposes?

[azibux1]

Hi all,

As above. No intention of keeping it or even opening it... Would it be profitable to buy one and sell it on when they're released for people desperate for one?

Or are stock shortages not really a thing anymore?

Thanks!

 

[LiE]

It's not a thing anymore.

 

[Dmack]

Depends on demand and if you're happy being that guy.

 

[fez]

You might make some money but you might lose some as well. Its a gamble as we have no idea how much people are willing to pay. Depends what models end up being in demand as well.

Where would you sell it as well. Ebays fees will chop off a large portion of any profit you might make.

 

[azibux1]

Yeah that's true didn't think about ebay and PayPal fees

Probably not worth it then

 

[Marky]

No it isn't worth it - I did it once about three years ago - Ended up making a tiny amount that didn't justify the effort

 

[azibux1]

Well that answers that haha

 

[Mason64]

i am happy with the 6 - if i upgraded to the 7 i would sell it to make some cash and keep the 6.

 

[Illusion]

i am happy with the 6 - if i upgraded to the 7 i would sell it to make some cash and keep the 6.

You would just be paying it all back to the phone company over the 2 year contract so not making much if anything.

Always have friends telling me they are getting an upgrade and selling it to cash in when they could just go sim only and save £30 a month :/

 

[Deleted member 651465]

No. Don't be a scumbag.

 

[Raymond Lin]

They will be everywhere from day one, I even managed to walk into Apple Store on day 1 at lunch to buy the first Gen iPad and that was huge.

I bought an iPhone 4 too on day 1 with no pre-order.

 

[malachi]

No. Don't be a scumbag.

This!

Only skanks try this in CEX and they always end up out of pocket while CEX make a tidy profit. Its been like that for nearly 3 years now.

 

[Cryin5freeman]

You can't sell an upgraded iPhone for at leat 6 months..

 

[Meatball]

It's a really scummy thing to do IMO.

 

[IvanDobskey]

I can't see the demand for the new iPhone to be honest. It's pretty much the same as the last two.

I think a lot of people will skip this gen.

 

[POB]

Well Apples return policy is generous ....

You can't loose money.

 

[azibux1]

Don't see the "scum" aspect to this to be honest

But true, it may not be profitable

 

[413x]

I don't see the scum aspect either.
But no way would I risk selling such a high value item on eBay.
Not worth the hassle unless you could buy hundreds really.
And you don't know the asking price

 

[Deleted member 651465]

Perhaps scum is too strong a word, but it's no different than the scalpers that buy 10 and sell them for over the odds because demand is high. It robs genuine buyers the chance to get their hands on a product because someone wanted to make all the monies.

If you can afford to buy a handset on the chance that stock will be limited then go for it, but be prepared to make a loss if the supplies are plentiful.

 

[azibux1]

I don't see the scum aspect either.
But no way would I risk selling such a high value item on eBay.
Not worth the hassle unless you could buy hundreds really.
And you don't know the asking price

Yeah bit risky

Plus I think the main thing that rules it out, that I initially overlooked, would be paypal and eBay fees