Apple is limiting online iPhone purchases

Mar. 20, 2020 3:37 AM ETApple Inc. (AAPL) StockAAPLBy: Yoel Minkoff, SA News Editor33 Comments
  • Recent checks on Apple.com show the company is limiting online iPhone purchases in many countries, including the U.S. and China, to a maximum of two handsets per person.
  • "Now that stores all over the world are closed, online scalpers see an opportunity," according to Nicole Peng, who tracks the smartphone sector at research firm Canalys.
  • The last time Apple (NASDAQ:AAPL) instituted selling caps was in 2007, when the iPhone was first introduced, to stop people from reselling them.

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