Submission + - Why iPhone Flipping Will Fail
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.