The iPhone 5 isn’t actually available yet, but that isn’t stopping some eBay sellers from selling off their iPhone 5 for exorbitant prices.
Some of the units on EBay have hit some ridiculously high prices. One unit, a 64GB model, is currently going steady for $10,101 and has 32 bids. This price is one of the extreme cases, with most prices a couple hundred dollars more than the retail price. How can seller’s market the iPhone 5 for sale without it actually being available? Simple, the majority of potential buyers are from outside the US where they would have to wait for the phone. The sellers likely preordered the device and intend to send it out to their buyer as soon as they receive it.
The iPhone 5 is set to hit store shelves in the US on Friday, September 21st. Depending on the model you get the price can range from $200 – $700 (depending on whether you sign a contract or not). Some pre-order customers are even getting their new iPhone early.