With the new iPhone 7 Plus sold out worldwide, some owners are turning a pretty profit on Craigslist and eBay.
There’s a brisk trade in brand new iPhone 7 devices, especially the Plus models in jet black, with many selling for almost twice their retail value.
This premium jet black 256GB iPhone 7 Plus, for example, just sold for $1,775 on eBay, with 29 bids. That’s $806 above retail.
The iPhone 7 is a hot-ticket item. Apple announced that the iPhone 7 Plus is sold out globally, and there are no stocks in stores anywhere. Carriers like T-Mobile and AT&T are reporting record sales, with 400 percent more demand than the iPhone 6s last year.
Only customers who preordered the phone will get one anytime in the foreseeable future. Shipping times have slipped into October since the first batch of phones sold out in minutes when preorders started last week.
eBay listings for the sellout iPhone popped up almost immediately after preorders started. About 2,000 active iPhone 7 sales, and 1,449 sold listings, can be seen currently on the auction site.
Most of the eBay iPhones are selling for several hundred dollars above retail prices, and most are attracting dozens of bidders. Many of the completed listings are almost double the list price. One 128GB iPhone 7 Plus in jet black sold for $1,250 after nine bids (it costs $869 from Apple).
Several of the iPhones are being sold before the seller even gets them. For example, this Craigslist seller is trying to offload his iPhone 7 for $1,500 — about $500 over the list price — with the seller promising to dispatch it as soon as he picks it up Saturday.
“Will have the phone in hand ASAP,” the seller promises in the listing.