You have to love the mind of the opportunist. Always lurking in the weeds just waiting to strike the opportunity at the chance of making some money. That’s exactly what’s going on over in Britain.

9 to 5 Mac reports that the folks across the pond are lining up to buy brand new iPhone 4s and then sell them back to China (where they are made), unlocked at a higher price. The same thing is happening in New York where the New York Times is quoted saying the following about the “grey” market back and forth:

People wait in line at an Apple store to buy the newest iPhone for $600, paying a premium to skip the AT&T contract. They then sell the phones to middlemen, usually at electronics stores in Chinatown, for about $750

Makes sense to me. My only question is if Burge is in line yet? What are your thoughts about this? Do you think it should be legit for a purchaser to resell an item multiple times? I certainly do.

  • Joe

    Ha ha first post. Take that burge

    • Burge

      Haha… My name is in the post… And I’ve not got nothing to with this post.. I’ve not even told seb about this…
      Got to hand it to us Brits to make money on a product that is made in a country and then sell it back to them with a profit… Hehe 
      We could sell sand to a Arab !
      No iam not doing this …might have to look it to it though.

      • Burge

        Sorry….. Ethan… not Seb… My bad

  • Dan

    Nothing wrong with that,, though if I had the cash I would just sell on my 3G and keep the 4 lol

  • Twitef21

    Us Brits could sell snow to Eskimos lol

    • Burge

      How true …. Lol….

  • HaHa.. I figured you’d like that.

  • liquidiphone

    well if people are stupid enough to pay ridiculous amounts of money for the iphone then why not….
    i have been watching it in my country (New Zealand) where people brought iphone 4 in the US & UK came here and sold a lock iphone for $2500NZD now for that amount i could get a plane ticket and fly to the US or UK buy and iphone and come home, its been very entertaining to watch these auctions

  • Saice

    a lot of my friends do that too, by phones from US and sell it in Iran for $1200(when it came out)-$900

    • Saice