Shares of Apple declined 1 percent on Friday, despite large crowds appearing at stores to purchase the new iPhone 5S. Apple released the new smartphone in 10 countries, including Australia, Japan, the U.K., the U.S., and China. Apple’s U.S. online store is now pointing to a wait of 7-10 business days for shipping, on space gray and silver 5S models. Gold colored models won’t ship until some point in October. In fact, some people are paying over $1,000 on eBay for Apple’s gold model.
Apple created the large crowds by not excepting pre orders for all those Appleheads who wanted to be first to get the new Iphone 5s Gold.
I was told by an Applehead friend who was near the front of the line in NY, there were many Chinese who were on line in front of him buying more than 50 phones at one time, cash deals. They may be the one's selling on ebay or maybe they are sending them to China. NY is the land of scalpers, they buy up anything they think may be in short supply and sell it for big dollars. Pro Scalpers would be selling Iphone 5s gold for much more than $1,000, they know who wants those phones and how much they are willing to pay.