According to the Boston Globe “Few phones have sold for more than $700″ I believe Apple had all this planned out, even with the check your store status page, they are playing us like rag dolls. The iPhone is a great device but we have to be smart people, for instance I was at the iPhone launch at 6:00 pm a guy paid another guy $100.00 to buy his iPhone because the guy was first in line. So he coughed up $700.00 for his iPhone when he could have waited until 7:30 pm, there was no line and plenty of iPhones left in the store.

Reselling an iPhone? Bad news - The Boston Globe