Thousands of people have been patiently waiting for this day. Finally, the highly anticipated iPhone 4 is available to the public. But Apple (Stock Quote: AAPL) isn’t the only party that will make money off of the iPhone 4’s release; some industrious people have their own money-making schemes in place to cash in on the tech craze.
Take Joe Sabia, the 26-year-old California resident who waited in front of a San Francisco Apple store for three days and three nights … just so he could sell his first spot in line on Twitter. According to DailyFinance.com, Sabia ended up getting $400 for his stint as a place holder and his own (essentially free) iPhone 4, which he snagged later in the day.
Sabia’s stint is not the first time an Apple patron has profited from being at the head of the line. Back in 2007, when the original iPhone was released, Texas resident Mark Rebillet sold his first-place spot to a Dallas woman for $800.
Rebillet, for his part, had no intention on cashing in. He had showed up to his local AT&T (Stock Quote: T) store at 6 a.m. because he had wanted a phone for himself. It was the woman (who somehow managed to remain nameless, despite the entire episode being caught on videotape) that wanted to buy $100,000 worth of iPhones. Her money-making scheme involved selling the iPhones on eBay for more than the retail price.
Too bad she didn’t pay attention to the rules. AT&T had instituted a one-phone-per-customer policy. Rebillet, like Sabia, scored his own iPhone that day, plus some extra spending money. The woman just ended up with egg on her face.