Scalpers offer Apple iPhone Duo buyers hundreds extra outside Beijing launch
Apple's global launch of the foldable iPhone Duo brought scalpers to the Beijing flagship store looking to pay big for the already pricey devices.
The appearance of scalpers outside Apple's Beijing flagship store on the day of the iPhone Duo launch highlights the strong demand for the new device, despite its premium pricing. The fact that scalpers are willing to pay hundreds of dollars extra to buyers suggests that they expect the phones to sell for an even higher price on the resale market. This indicates that the iPhone Duo is likely to be in short supply, at least initially.
The presence of scalpers is not unusual for high-profile product launches, particularly for Apple devices. However, it does suggest that Apple may have underestimated demand for the iPhone Duo or that the company is limiting supply to maintain profit margins. The resale market for new iPhones can be lucrative, with prices often exceeding the original retail price, especially for limited-edition or hard-to-find models.
To watch next: Apple's sales performance for the iPhone Duo in the coming weeks and months, as well as any indications of supply chain adjustments to meet demand. Additionally, the company's pricing strategy for future devices and how it manages the resale market will be worth monitoring. The iPhone Duo's launch also raises questions about the long-term viability of the foldable phone market and whether other manufacturers will follow suit with similar devices.
Originally reported by cnbc.com. Trade-News adds analysis for finance & markets readers.