Apple’s Latest Device Sells Out Quickly Due to High Demand and Limited Quantities
The iPhone X, the latest smartphone from Apple, has created a sensation in the tech world with its unique features and sleek design. According to reports, demand for the device has been "off the charts," leading to a quick sellout within minutes of pre-orders opening up.
eBay Fills the Gap
With Apple’s limited quantities available at launch, sellers have taken advantage of consumer demand by listing their pre-order confirmations on eBay. The online marketplace is flooded with listings, with over 1,200 posted in just 45 minutes after pre-sales opened.
eBay Tracks High Demand for iPhone X
- Over 4,480 live listings were found on the site, with most being "Buy It Now" offers instead of auctions.
- eBay tracked a significant spike in "iPhone X" searches on its site, with 36,555 searches between midnight and 1 PM ET.
Scalping and High Prices
The high demand for iPhone X has led to some sellers listing their pre-order confirmations at inflated prices. While the device starts at $999 for the 64GB model, many listings on eBay are in the $1,500 price range.
Some individuals have even listed their pre-order confirmations for sale at outrageous prices, such as tens of thousands of dollars. However, it’s unlikely that anyone will pay such high prices for the device.
Apple’s Statement
In a statement, Apple attributed the quick sellout to high demand and not limited quantities. The company said: "We are thrilled to be taking orders for iPhone X, the future of the smartphone. We can see from the initial response, customer demand is off the charts."
However, some analysts have suggested that Apple may have underestimated demand, with only two to three million devices available at launch.
Comparing iPhone X Sales
To put this into context, the iPhone 6 sold more than 10 million units in its first weekend. While Apple no longer releases first-weekend sales figures for new iPhones, it’s clear that the iPhone X has generated significant interest among consumers.
eBay Continues to Track Sales
eBay will continue to track iPhone X sales over the weekend and provide updates as more data becomes available.
Conclusion
The iPhone X is a highly sought-after device, with demand exceeding expectations. While Apple’s limited quantities at launch contributed to the quick sellout, high prices on eBay have also become a factor. As the tech world continues to buzz about this new smartphone, it will be interesting to see how sales unfold in the coming weeks.
Apple’s Statement on iPhone X Sales
"We are thrilled to be taking orders for iPhone X, the future of the smartphone. We can see from the initial response, customer demand is off the charts. We’re working hard to get this revolutionary new product into the hands of every customer who wants one, as quickly as possible."
Limited Quantities at Launch
While Apple did not share how many devices it had available at launch, some analysts suggested that only two to three million units would be on hand ahead of iPhone X’s November debut.
Comparing iPhone X Sales to Past Models
To put this into context, the iPhone 6 sold more than 10 million units in its first weekend. While Apple no longer releases first-weekend sales figures for new iPhones, it’s clear that the iPhone X has generated significant interest among consumers.
eBay Continues to Track Sales
eBay will continue to track iPhone X sales over the weekend and provide updates as more data becomes available.
Conclusion
The iPhone X is a highly sought-after device, with demand exceeding expectations. While Apple’s limited quantities at launch contributed to the quick sellout, high prices on eBay have also become a factor. As the tech world continues to buzz about this new smartphone, it will be interesting to see how sales unfold in the coming weeks.
