Friday, July 06, 2007

IPhone Futures Prove to Be a Bad Investment - New York Times

Related to the Cringely article referenced in an earlier post this morning 

Across the nation, people looking to make a quick and easy profit bought one, two or as many phones as they could by recruiting friends to stand in line with them. Many of them were the first to get in line, camping overnight outside the stores. But now they are finding that the iPhone is much more like a Harry Potter book than a hard-to-find Wii video game machine: a great thing to be one of the first to own, but not high in resale value because supply is not constrained.

IPhone Futures Prove to Be a Bad Investment - New York Times

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