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[Best Syndication] Ouch! Supply and demand for the Apple iPhone has created an eBay market for overpriced cell phones. The average selling price for the 8GB version is going for around $800 on eBay currently. That is $200 more than retail which is priced at a hefty $599.
There was a few auction of the Apple iPhone that closed for $1,200, but if supply is short, the price may possibly go up more.
There was two iPhone that sold for a whopping $10,000 another for $3,000 and a few in the $2,000 price range. There was a large number of Apple iPhones sold for $1,200. But it seems like the more iPhones are selling for the price around $800 today as the supply and demand are being balanced out.
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With any eBay auction make sure to check out the seller’s feedback and read all the terms of the auction, including return policies.
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By Lisa Schalinski
Best Syndication Writer
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