Thursday, September 25, 2014

The money making juggernaut that is the iPhone 6

So this is just going to be a quick little updated that's based on a little conversation I was having at lunch today...

So the Apple iPhone 6 launched on September 19th and immediately a ton of people I know bought themselves one.  From talking with a former Apple employee, selling phones overseas is  HUGE market.  An illegal one maybe, sort of, I don't know but a huge market none the less.

As the excitement for new phones increases with every model, everyone wants to get their hands on one as soon as they can.  The US release was September 19th. As of this posting, it is available in 18 other markets including Switzerland, Italy, New Zealand, Sweden, Netherlands, Spain, Denmark, Ireland, Norway, Luxembourg, Russia, Austria, Turkey, Finland, Taiwan, Belgium, Portugal and the United Arab Emirates (though the latter has September 27th listed as its launch date)

Markets where the phone WILL NOT be available are paying BIIIIIIG bucks to get their hands on one.  According to The Washington Post, the regular model of the iPhone 6 is selling for SEVEN TIMES what it's worth in China and from whatI heard, $2400 in the Philippines.

Thats pretty crazy.  Apparently this is a big market that I never even thought about.  It takes a lot of risk and a lot of time but that is a really big pay off.  Apparently the cops are even onto it as they were interrogating people on line to purchase the phone.

I don't really have any tips, just a pretty wild observation.

Leave some comments and let me know what you think.

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