Brits Look to Make a Dollar Off the iPhone

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.