Now That the iPhone Rush is Over

Interested in an iPhone?

People were waiting in line for hours for the new iPhone. Some just wanted to make sure they got theirs the first day of its release, others were hoping to make a profit. So was the iPhone a hit? Yes. Was it a hit on the level of the Nintendo Wii (which is still, many months after its release, still almost impossible to find in stores)? Not really. However, that's not a bad thing. It means that you can get your hands on an iPhone without paying hundreds of dollars over retail.

The eBay Phenomena

The eBay marketplace is a great indicator of just how scarce a product is. After all, the $250 Nintendo Wiis were selling for $400 to $500 over retail around Christmastime. If you wanted a Wii under the tree, you had to cough up the extra dough. They were impossible to find in stores. People were expecting the same thing to happen with the iPhone.

If you asked half of the people waiting in line for an iPhone what they were going to do with it, half would say use it, the other half intended to sell it (thinking they can make a huge profit on eBay). The retail price of the iPhone is just shy of $600. eBay hopefuls thought they could sell it for $1,200 and up once stores sold out. That's just not the case.

The iPhone Market

Yes, many stores are indeed sold out of the iPhone. However, you can order one from the Apple website or iPhone retailers and expect to get it in 2 to 4 weeks. You can also head on over to eBay, since many of the iPhone auctions are ending at less than $100 over retail.

This is good news for those who really want an iPhone, but couldn't wait for hours in line and didn't want to spend more than retail. It looks like Apple is doing a good job of keeping up with the demand and consumers don't have to take big hits from increased pricing on the resale market.

If you want to find out if Apple stores near you are going to have an iPhone in stock, check out Apple's iPhone inventory website.

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