I am glad about this. I cant stand when a person take advantage of another in such a manner. It sickened me when i seen the amoutn of people waiting infront of best buy for ps3's and Wii's . And almost all of them want to ebay it.This crap needs to stop. If you can go to jail for scalping tickets then you should be charged for OVER priceing items on ebay for rediculess profit.

I don't see any problem with people buying units just for resale on eBay. They have the time to wait in line and the people who buy from them have the money to do so. It's simple capitalism.

@Pyrosity

Welcome to capitalist America. Don't like? Go live with Fidel.

Quite honestly I don't understand why someone would pay such prices for items that are in no way unique. Some people just have more money than sense... And if they want to pay through the nose... Let them!!! It's their loss.

What does it give them over an average consumer anyway? Bragging rights? PFFT!!! Same item, twice the price... Sounds like a bargain!

I roll my eyes until they bleed....

I agree with Pyrosity!!!

You shouldn't be sickened. What you should do is laugh at or pity those idiots who are willing to pay so much for a device. Prohibiting presales is a good thing. But as long as an actual sale is made then I don't see anything wrong with sellers taking advantage of high demand. That is economics, and the US is a capitalist nation.
Furthermore, I don't see how 'overpricing' comes into play here. Ebay is an auction site so the final price is determined by the bidders, not the sellers. If they are willing and able to pay triple the retail price then why should sellers not give them what they want?

I don't see why you have a problem with people making profit, it's just common sense. It's what all companies do - seek profit. So if a person has the legit item and wants to sell, and someone is willing to pay price x, whatever x may be, it should be allowed.

Ebay scammers are a different thing ofc.

"I am glad about this. I cant stand when a person take advantage of another in such a manner. It sickened me when i seen the amoutn of people waiting infront of best buy for ps3's and Wii's . And almost all of them want to ebay it.This crap needs to stop. If you can go to jail for scalping tickets then you should be charged for OVER priceing items on ebay for rediculess profit.
Pyrosity"

Yeah I know, next thing you know they'll come with a name for this type of thing like "Free Market" and maybe write something called a "Constitution" protecting peoples God given right to do what they want.

Supply and demand my friend, Economics 101

I was one of those people waiting out in front of Best Buy and all the other stores people waited at. I managed to snag 2 PS3's, 1 by camping out in front of Best Buy and the other from Sam's Club purely by luck.

Bought each of them for $600, sold one on E-bay for $1,600 and the other $1,400. I then took the little under $1,800 profit I made and built a brand new spanking computer. I do the same every year for my student football tickets I get, buy them for $190 student priced and sell them on E-bay for $600 or so.

Sorry Pyrosity but it is an AUCTION. In other words, the buyer sets the price. People are not being taken advantage of. They pay what they are willing to pay.

Not having the iPhone pre-sold on eBay will help the gullable save money and keep those willing to take advantage of them from making a profit. I am glad eBay did it.

I think it's BS. If someone sees money to be made and they're nor breaking any real laws, who cares. If some idiot wants to pay double the retail price of a useless product because they have to have it at launch to be cool, let them.

I've sold several of these "gotta have it" items and I was laughing all the way to the bank. I didn't over price the items...it's an auction. Do you not understand the concept of an aution, Pyrosity?

eBay blows, making them use PayPal...talk about a monopoly.

Ebayers may set their starting price, but it is the people bidding on the itmes that drives the price up. Some people want the newest and best items NOW and don't care how much they pay for it. So who cares if I make a couple of hundred because of that.

But I fully agree about the scammers who don't actually have the item that they are selling. That is just wrong.

I first saw this back around the 360 launch people were preying off of dumasses who would pay hundreds of dollars for some gmail address that had some variation of Xbox360 in the username. Same thing for PS3 and Wii. They would bury a statement some place in the listing that said "this is only an email address, not an actual gaming system." But then they'd have the standard pictures and listings for the gaming system itself. I never found out who was buying this stuff, probably someone who doesn't understand English and missed the "fine print." It's sad.

While I understand your anger towards those who sell these items at such high prices and make incredible profits out of them, the one's we should really be mad at are the people who actually buy them. They are actually dumb enough to pay $1500 for an iPhone that will cost around $500 when it goes on sale, just like those dumb enough to pay 12, 15 and over $2200 for a $700 Playstation 3. They should be the ones jailed for being stupid. LOL.

the people that bought the overpriced ps3's off Ebay knew how much they were paying for them did it anyway. And it's not like those were gonna be the only ps3s made.

Much like the PS3, the iPhone will initally get a surge in demand on eBay, maybe tripling its actual worth for a few days. Then as people get them, they will notice they are terribly overrated devices (like the PS3) and in reality worth about half thier retail price. After that you will see people scrambling to take them back to where they got them, just like the abomination that is the PS3. iPhones will sit unsold on shelves for months on end, just like the PS3.

I agree with all those who talk about a free market economy. It is capitalism, and it's what's made the US work so well for so long. Aside from that, I am a little annoyed at those who call the people that pay the high prices idiots. Believe it or not, there are plenty of people with way more money than time. And there are also other people who can make way more money in the time it would have taken them to stand in line for a new product than the high prices they pay. That's also economics. So, the system works. Pulling products the way ebay does is only a way to cover their butts, and everybody should concentrate on more substantial problems.

If they didn't stop the pre sales of the Iphone, you'd have more people complain of being ripped off than people cryin they didn't get the phone. It's for everyone's benefit.

The point is they are selling something that they don't even have and could potentially not get, much like the PS3. Poeple lost their money with the PS3 sales when some people didn't get the machine and then didn't return the money. If you could guarantee delivery then the sales would be fine, but....

I think E-Bay did the right thing to try to protect the people they serve...like it or not, E-Bay wants to keep a good name as they are in the business of hooking buyers up with sellers.