Despite initial concerns of sluggish sales, Apple sold out its entire stock of the iPhone 5S in less than 24 hours. But not all customers who spent the night outside Apple Stores nationwide were there to purchase the latest must have device for their own personal use.
Within moments after customers started walking away with their prized possessions, eBay listings of the iPhone 5S began appearing in droves. Yet with some asking prices exceeding $1200, buyers from all over the world began snatching up iPhone 5S, either by using eBay’s Buy it Now option or making the winning bid in the waning seconds of the auction. The iPhone 5C has been no slough either, commanding as much as $1100 for an unlocked 16GB model.
All told, nearly 3,000 iPhone 5S were sold on eBay thus far, with prices ranging from about $700 for a “pre-order” iPhone 5S to more than a whopping $1500 for an unlocked, gold-colored iPhone 5S. The buying frenzy on eBay hasn’t slowed with nearly 1,800 active listings and auction-Buy it Now prices holding steady at approximately $800 and the most recent auction featuring an iPhone 5S 64B model from an eBay member based in South Dakota ended at $1,070.
Even as Apple sold out its entire allotment of the iPhone 5S for September, investors were reportedly still nervous about whether total weekend sales would reach more than five million units. But according to a number of tech analysts, the combined sales of the iPhone 5C and iPhone 5S may exceed seven million. Preorders for the iPhone 5C have already exceeded one million in its first day of release. Final totals are expected to be released early next week.