UNEXPECTED TRENDS
Funny thing seems to be happening to the price of the original iPhone in the second-hand market after the launch of the new iPhone 3G a few weeks ago...it's gone up higher than would think. This BusinessWeek article explains (image source):
"Within days of the iPhone 3G launch, demand for used, older iPhone models began rising, and prices began a steady climb..."
"As of Aug. 26, NextWorth Solutions was paying $200 and $300 respectively for gently-used, 8-Gigabyte and 16-GB original iPhone models.
That's up $50 from what his company paid a month earlier—and at the high end, on par with the price of a new 16-GB version of iPhone 3G—for the latest iteration of the iPhone, with more features and faster download speeds."
Why would this happen? The drivers seem be a perfect storm of seemingly unrelated factors, as TUAW summarizes:
"From easy-unlocking to contract-free usage to eco-consumerism, consumers are looking for those original units and paying premium prices to get them. A majority of phones are heading outside the US for resale while growing demand at home keeps resale prices high."
Not sure how long this will last, but an aberrational event in the world of gadgets nevertheless.
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