One iPhone per person at AT&T stores
If you're planning to stand in line for an iPhone at an AT&T store, or if you're already there, understand that you can only buy one of those babies this weekend.
AT&T will only be selling one iPhone per person this weekend at this downtown San Francisco store, according to AppleInsider.
(Credit: Corrine Schulze/CNET Networks)AppleInsider received an e-mail from AT&T informing potential customers that it's one-and-done for iPhone purchases starting this Friday at 6 p.m., at least at the onset. Apple is also expected to limit purchases, but the company hasn't said how many devices you'll be allowed to take home. Neither company's Web site appears to have that info at the moment.
That could be bad news for anybody planning to flip an iPhone on eBay or Craigslist this weekend for a profit--that is, assuming you actually wanted one for yourself. At either $499 or $599, that's quite the upfront investment, but several folks tried to do the same thing with PlayStation 3s last winter. Since the iPhone isn't actually activated until you take it home and hook it up to the Internet, it should be easy to sell a deactivated iPhone, assuming there's no purchase contract that would preclude you from doing that.
So by the time someone buys an iPhone for $499, signs the 2-year agreement, cancels the agreement and pays the $250 early term fee, and gets the phone up on ebay, they're already out $750-$800! Now add on the time they took to wait in line, drive to the store, and wait on the phone to deActivate the service. You're looking at a total cost of over $1000. And FINALLY you need to justify all of this time and effort, so add on another $500 for profit.
Frankly if anyone is willing to buy an iPhone for $1500, then please contact me asap, I have a nice bridge I'd like to sell you.