As the head of a company that sells used consumer electronics, David Chen chases sales of the iPhone with the precision of a mathematician. At the outset, the price of the first version of Apple’s music-playing wireless device behaved as expected: When the newer iPhone 3G hit store shelves, demand for the earlier iteration plummeted. soon after the unexpected happened.

Within days of the iPhone 3G launch, demand for used, older iPhone models began rising, and prices

began a steady climb. “We’ve been raising our prices by the past few weeks,” says Chen, who runs NextWorth.com, a Web site that buys and resells used iPhones and iPods. “It’s an anomaly, but there’s still a lot of demand for the first-generation [device].” As of Aug. 26, NextWorth Solutions was paying $200 and $300 respectively for gently-used, 8-Gigabyte and 16-GB original iPhone models. That’s up $50 from what his company paid […]

Orginal post by dhiram