BLUF (Bottom Line Up Front): Scalpers who bought the iPhone Duoem in large quantities to resell it at higher prices are suffering losses. Just a week after sales of Apple’s first foldable cell phone began, prices on the resale market plummeted, causing many sellers to lose money on practically every device traded.
The expectation was to repeat the scenario of previous Apple launches, when the limited supply allowed prices to be charged above the official price.
Resellers invested in the demand for the model and even purchased units for high prices, hoping to profit from the supposed scarcity of the product.
But the result was very different. Reports from Chinese traders indicate that demand quickly cooled after the device arrived in stores and in the hands of the first buyers.
Among the factors that hampered demand were problems related to the screen hinge and software optimization. The complaints dampened the initial enthusiasm for the device and caused the resale market to lose momentum in a short time.
A trader at electronics center Yigao Digital City in Hangzhou said that virtually all scalpers working on the iPhone Duo are losing money.
According to reports circulating among sellers in the sector, individual losses exceed 100,000 yuan (around R$76,000) and can exceed 200,000 yuan (R$152,000).
In this scenario, those who manage to recover the amount invested without loss have become the exception among sellers.
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