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Question/Idea about reselling iPhones on eBay
#14
Big Daddy Cool wrote:
[quote=richorlin]
…so the new phone cost $90 out of pocket…

plus whatever you originally paid for the 2G iphone.
Yes, but that's a "sunk cost". Doesn't fit into the equation.
It's already spent, whether I upgraded or not.

For those not familiar with the term: "sunk cost - cost already incurred which cannot be recovered regardless of future events"
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Re: Question/Idea about reselling iPhones on eBay - by richorlin - 06-30-2009, 01:22 PM

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