9/17/2008 11:12:00 AM
Second hand 2G iPhones under high demand
Second hand 2G iPhones are still in high demand and are fetching high re-selling prices, resellers have said.
In some cases, the resale value of 2G iPhones has increased since the 3G version came out in July. The reason is thought to be the ease at which the original version can be unlocked, attracting customers who do not want to be tied in to the relatively long-term and expensive contracts.
David Chen, who runs NextWorth.com, a website that buys and resells used iPhones and iPods, told Business Week: ‘We've been raising our prices over the past few weeks. It's an anomaly but there's still a lot of demand for the first-generation device.’
The iPhone 3G was released on July 11 this year, and has recorded impressive sales so far. In its best week of sales it hit 50,000 sales, and is currently achieving around 27,000 sales at the moment, with a market share of around 5%.