News

Admidst Massive iPhone Sales, Some Going to Europe

Wednesday, September 26th, 2007 at 1:25 PM - by

People have been standing in line in New York to buy iPhones, five at a time. The iPhones may be ending up in Europe, with the seller making a nice profit, according to GigaOM on Wednesday.

Liz Gannes went to the Apple retail store in New York and was surrounded by a stunning crowd of people clutching hands full of twenty dollar bills. When she inquired, a fellow customer revealed that they were all buying iPhone to sell in Europe.

When asked about how expensive it is to operate an iPhone there, the fellow replied, "Yeah, the data fees are crazy. But people still want to buy them, so that’s not my problem," he replied.

Meanwhile, Blackfriars' Marketing posted its iPhone supply map reported on Wednesday that stocks are also running out in Massachusetts, and submitted that the effect observed by Ms. Gannes is the cause.

"The iPhone was already selling well when Steve Jobs cut the price by $200. Holiday shopping, European launches on the horizon, and entrepreneurs capitalizing on differences in currencies are throwing gasoline on that fire. Don't expect iPhone demand -- or demand for other Apple products -- to drop back to anything approaching normal until the beginning of next year," Carl Howe wrote.

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