How are people selling the iphone 5s on ebay?

How are they selling preorders for $1000 (with bids!) even though it hasn't come out yet AND Apple is allowing pre-orders.

And how exactly does it work? I have a 4s with an upgrade available. If i buy the 5s for 200 dollars can i too sell it for 1000 dollars?

You're missing the point, which is TIMING. The $1000 is to make sure you get it on the first day of release (that's what pre-order means). There are people in the world that want to be FIRST! Even if it means extra cash output.

If you buy the 5s for $200, that means you got it way after the release date. Therefore, who will pay $1000 for something they can get for themselves for $200?

Just because they are asking a $1000 doesn't mean its selling for that. So sure, go ahead and try.

  • Which is better: selling on amazon or selling on ebay? I have an individual seller account and I've noticed that my products sell much faster or ebay. However, I sold two iphones. My final sale fee $1100. However, ebay charged me a final sale fee of $135 Then I was charged $40 by paypal Then I paid $60 total to ship both items. On my amazon account I sold 1 phone. The phone cost $180 Amazon took out $30 Shipping cost $10 So I made $140
  • Selling verizon iphone 5 on ebay? I recently wanted to sell my iphone 5 on ebay but was wondering if that would be possible considering I'm still under contract and worried it might affect the esn status of the phone. The reason I'm selling it is because a friend on mine has an old galaxy s3 that he is willing to give to me clean ESN and everything, but I'm not sure if there would be any complications when I try to activate it through verizon and they see that I have an iphone under contract on my line.
  • Selling an iphone with bad ESN on ebay? Is it okay to sell a perfect conditioned iphone with a bad esn on ebay? What are the buyers options with the phone if they purchased it? Is it available to be jail broken or unlocked?
  • Selling a iPhone 4 on EBay - Scam I'm selling a IPhone 4 on eBay and a potential bidder is saying they wish to come and view the phone before bidding. This I have no problem with but they are adamant they want my phone number to ring me to arrange coming to see it… Why would they not be happy with my address? Is there a scam that they can run if they have my number?