If you do the math on it, and it is $300 a phone they are netting in the transaction, 100 phones buys you a nice car. I get why it is being done, but Apple is doing nothing to control it. All they are doing is robbing Peter to pay Paul by allowing it to happen. All the grey market device buyers overseas, are going to buy the phone regardless. So just release them in both markets at the same time, and maybe charge more in those markets where people are willing to pay 50% more.
I am sure the Apple execs get off on these line-ups though. All I saw today was a TON of false hype. I felt stupid standing in line with all those scalpers.
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