The Apple keynote just wrapped up and they revealed several things, but one of the things I was watching for the most was this – the price and availability of their new Apple Watch Edition, the high-end version. And I saw some things that was just what I wanted to see – the words limited availability and starting at $10,000.
To recap, I wrote a post last month about the possibility of manufacturing points and miles through buying the high-end Apple Watch Edition and reselling it. I said that chanced are good that it will be very expensive and limited availability at roll out. Both of those things are true which could be very helpful to those who want to try their hand at flipping these to make some money and generate a crazy amount of miles and points. Think about this – if you use your American Express Business Gold card through the Ultimate Reward shopping portal (or Shop Through Chase), you would earn 20,000 Ultimate Rewards and 30,000 Membership Rewards on the base Apple Watch Edition! Even cashback options would be very lucrative!
The most expensive model costs a jaw-dropping $17,000! Now, if you choose to try this, make sure you pay attention to many key factors – how you sell it (possibly on eBay – look at the other post), protecting yourself from fraud (can be done through close auctions on eBay), and returning it. Nothing has been said yet, but Apple products are returnable up to 14 days from purchase so you could return it if you cannot sell it.
It may not end up being all that feasible but at least it presents an interesting scenario to manufacture a lot of points in a fairly simple process. The fact that it will be limited availability at the beginning is huge. You would almost certainly be able to generate some profit on the flip as well. At any rate, preorders begin April 10 so you have a month to game plan!