Friday, June 29, 2007

iPhone - How a Free Market Economy Works

The Apple iPhone hit the market, today, and in the spirit of true American entrepreneurialism, and a free market, an individual can procure an iPhone via the following method.

Now the iNsanity over the iPhone has spread to Craigslist, where dozens of people who have camped out in hopes of purchasing Apple’s revolutionary cell phone are offering up their spots in line for hundreds of dollars.

That’s right, for just $150, one buyer—who claims he’s 25th in line at the Flatiron AT&T store—will sell you his spot in line. “Only 40 available at 5th & 24th AT&T store. You are guaranteed to get one today! Will hold position till 6 p.m.,” the ad states.

To some, that stands a bargain. Another buyer, who says he’s third in line at Long Island’s Walt Whitman Mall, will make the purchase for you for $1,000. That’s an 8 gigabyte iPhone for cost, plus an additional $400 for sitting in line.

Though I have no use for such a technical apparatus, I want a cell phone that makes only phone calls, no bells and whistles for me, I admire the marketing.

You have to wonder, though, who will be the first to cry “gouging” over the above offers, or offer up some other similar complaint, regarding this newest craze’s wild demand to “protect” the fools so susceptible to it.

iPhone Campers Sell Places In Line For Hundreds

Posted by John Venlet on 06/29 at 01:57 PM
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