Seeing the heavy demand for the Apple iPhone X, sellers on OLX are selling Apple’s tenth anniversary iPhone for as high as Rs 150,000 for an unlocked 256GB model. That’s more than what Apple is charging for the top-end model, which retails for Rs 102,000 in the Indian market. On OLX, which is the leading online classified platform in the country, more than 330 sellers have listed the iPhone X for sale at a premium.
Early adopters who have already bought the iPhone X see this as a golden opportunity to rake in a profit by selling the device above the market price. For instance, one seller based out of Aurangabad is selling the iPhone X 256GB for Rs 150,000. The phone has been brought in India and hence the local warranty will be applicable.
Based on a variety of listings, Apple iPhone X 256GB model seems to be priced between Rs 115,000 and Rs 150,000. One seller who claims to be an authorised retailer is selling the iPhone X in both 64GB and 256GB storage capacities for Rs 115,000 and Rs 135,000 respectively. Most sellers are selling the iPhone X with local Indian warranty and original receipt. The average price of the 64GB version of the iPhone X is Rs 98,000 and above.
This, of course, is not a new phenomenon. Whenever a new iPhone gets launched in the market, online classified sites such as OLX are full of sellers making a quick profit. This also shows that people are willing for shell extra to get the iPhone on Day 1. Instead of waiting for days to get the new iPhone, many are happy to pay a premium price without losing sleep.
Apple iPhone X has been in high demand, ever since the company began selling the device on November 3. In India, the iPhone X is priced upwards of Rs 89,900, but the device went out of stock on the day of launch. There are no details available when the next shipment will arrive, leaving consumers no choice but to pay a handsome price for the iPhone X.