iPhone X being sold for Rs 1,50,000 on OLX; check shocking details

By: |
New Delhi | Published: November 5, 2017 12:52:36 PM

As soon as the iPhone X sale started on Friday evening, long queues were seen outside Apple stores across the globe. Apple's shares rose 3 percent on Friday, hitting a record high and giving the world's most valuable publicly traded company a market capitalization of almost $890 billion.

iPhone X, iPhone X india, iPhone X in india, iPhone X olx, iPhone X on olx, iPhone X olx price, iPhone olx, iPhone sell olx, iPhone X news, iPhone X price, iPhone X newsNow, people are selling iPhone X on OLX for as high as Rs 150,000 for an unlocked 256GB model. (Source: Apple Website)

As soon as the iPhone X sale started on Friday evening, long queues were seen outside Apple stores across the globe. Apple’s shares rose 3 percent on Friday, hitting a record high and giving the world’s most valuable publicly traded company a market capitalization of almost $890 billion. Even in India, people were going crazy to get their hands on the most expensive Apple iPhone ever. However, some of them were left disappointed because of the heavy demand.

Now, people are selling iPhone X on OLX for as high as Rs 150,000 for an unlocked 256GB model. That is more than what Apple is charging (Rs 1,02,000) for the top model. 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. These sellers could also be people who bought the iPhone X and are now looking to make a profit by selling it for a price higher than the market rate.

(Source: OLX website)

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. According to the details available on the website, iPhone X is priced between Rs 115,000 and Rs 150,000. One seller who claims to be an authorised retailer is even selling the iPhone X in both 64GB and 256GB storage capacities for Rs 115,000 and Rs 135,000 respectively.

This isn’t the first time when something like this happening in India. Every time an Apple product is launched, you can see similar listings on online classified sites such as OLX. 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.

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Next Stories
1Raj Thackeray alleges Bandra fire was planned, not accident
2PM Narendra Modi takes dig at critics
3World Food India 2017: Besides Khichdi, there are other items that deserve to be celebrated as much