+ - Why iPhone Flipping Will Fail
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by
Anonymous Coward
An anonymous reader writes "The press has reported how many of the customers on line last night for the iPhone had nothing more in mind than to look to make a quick buck reselling the units. The joke may be on them as MP3 Newswire points out. For there to a market amenable to this there has to be more than a great demand. There has to be a finite supply of an item. With concert tickets there is always a finite supply for a given night. Flipping a Playstation 3 was briefly profitable, because while Sony would over time make as many units as the market called for, there was a finite supply available for those who wanted it in time for Christmas. The Apple iPhone has no such time restraints, therefore on a theoretical level they have an infinite supply. The first wave of iPhones may sell out, but the great majority of consumers can wait until the supply catches up."
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Why iPhone Flipping Will Fail