Bidding for iPhone 3G tops $1,000 on eBay

Pent-up demand for the iPhone 3G is manifesting itself on auction site eBay.

Pent-up demand for the iPhone 3G is manifesting itself on auction site eBay, where eager buyers are bidding in excess of US$1,000 to get what's turning out to be a hot commodity.

The demand for the iPhone remains high even off the Internet, with lines forming Monday outside an Apple store in New York to buy the limited stock of the devices.

Launched on July 11, the phone sold more than 1 million units worldwide over the first weekend, according to analysts. The demand has continued with carriers, including AT&T in the U.S. and O2 in the U.K., reporting iPhone 3G shortages. The 16G-byte iPhone is priced at US$299 in the U.S., with the 8G-byte version priced at US$199. In some countries carriers are giving the iPhone for free with contracts.

The bidding for a 16G-byte iPhone 3G on eBay is exceeding US$1,000, with one bid ending at US$2,325. The average 8G-byte iPhone 3G bid is reaching the US$800 to US$900 range.

In one auction a potential bidder asked if the iPhone could be shipped to Indonesia, indicating that bids were coming from countries where the iPhone won't be shipped by the end of this year. The phone is currently sold in 20 countries, but Apple hopes to expand its availability to 70 countries by year-end.

The sellers are advertising the iPhones as "unlocked" to work with any carrier, also providing a link to a recent hack issued to unlock the iPhone.

Apple did not supply enough devices at this year's launch, creating a demand. During last year's launch of the first-generation iPhone the company sold 270,000 handsets.

Supplies should normalize over the quarter and the iPhone 3G is set for long-term success, said Mike Abramsky, of RBC Capital Markets, in a report. The company could ship up to 5.1 million iPhones in the quarter.

(Elizabeth Montalbano of the IDG News Service in New York contributed to this story.)

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.
Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Agam Shah

IDG News Service
Show Comments

Brand Post

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Luke Hill

MSI GT75 TITAN

I need power and lots of it. As a Front End Web developer anything less just won’t cut it which is why the MSI GT75 is an outstanding laptop for me. It’s a sleek and futuristic looking, high quality, beast that has a touch of sci-fi flare about it.

Emily Tyson

MSI GE63 Raider

If you’re looking to invest in your next work horse laptop for work or home use, you can’t go wrong with the MSI GE63.

Laura Johnston

MSI GS65 Stealth Thin

If you can afford the price tag, it is well worth the money. It out performs any other laptop I have tried for gaming, and the transportable design and incredible display also make it ideal for work.

Andrew Teoh

Brother MFC-L9570CDW Multifunction Printer

Touch screen visibility and operation was great and easy to navigate. Each menu and sub-menu was in an understandable order and category

Louise Coady

Brother MFC-L9570CDW Multifunction Printer

The printer was convenient, produced clear and vibrant images and was very easy to use

Edwina Hargreaves

WD My Cloud Home

I would recommend this device for families and small businesses who want one safe place to store all their important digital content and a way to easily share it with friends, family, business partners, or customers.

Featured Content

Product Launch Showcase

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?