are we that scared about racism that we have to say "gray" market and not "black" market. and another thing. geez wait a few weeks and you can get a damn iphone at regular price at best buy. it reminds me of the playstation 3. i bought mine two weeks after it came out for $600. i know people that paid $1500 two weeks prior. i want a iphone just as bad as any other joe but just be patient for goodness sake. oh yeah down with zune....lol

The auction you link to is not legitimate. People who don't believe people should profit from a shortage of goods create fake eBay screennames and bid up the items as high as possible. This screws the seller because the buyer isn't going to pay but the seller still has to pay eBay's closing fees. The exact same thing happened with the PS3. Don't buy into the hype that these things are going for as much as the closing price says; look for auctions where the winning bidder has positive feedback and didn't create their screenname the same day.

"Gray market" and "black market" are two distinct terms meaning different things. It has nothing to do with racism. Google them.

That is completely insane! Apple are great at whipping their consumers into a frenzy!

To think that they will be able to buy it at the normal retail price, and yet they chose to buy it well above.

At least the investor will be excited about the hype!

im jus here to confirm the release date of the iphone.... i talked to the manager of a at&t store she told me that the iphone would be released june 9th... she said there will be midnight madness and they will be sold midnight june 9th!! this has been confirmed by all at&t stores..im 100% sure of this.... oh and i forgot she said it would only be sold to new costumers, or costumers taking out a new line.... no one else