iPhone Duo scalpers are loosing money on every unit they sell
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4 Articles
Retailers who bought Apple's first foldable phone at high prices didn't get the profit they expected. iPhone Duo black market prices collapsed within a week of its release.
Illustrative image Photo: PexelsIphone Duo retailers record losses after falling demand and resale prices
The dealers who bought the iPhone Duo in large quantities to resell it for higher prices are bittering losses. Just a week after the start of sales of Apple's first foldable mobile phone, the prices on the resale market collapsed, causing many sellers to lose money virtually to each negotiated device. The expectation was to repeat Apple's previous release scenario, when the limited offer allowed to charge values above the official price. ● See t…
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