Apple has imposed limits on the number of iPhones that any one person may own and to track this policy has also imposed a no-cash policy on phone sales
By: Captain Maverick
Published: Oct 30, 2007
Updated: Feb 7, 2010
Apple Inc. will not accept cash for the purchase of an iPhone any longer but only credit or debit cards. This is because Apple has decided to impose a strict limit of two iPhones per person rule in order to curb the personal resale of the iPhones. The new policy started Thursday, and prior to that date there was a limit of five iPhones per person.
{slot15}According to Apple spokesperson Natalie Kerris, "Customer response to the iPhone has been off the charts, and limiting iPhone sales to two per customer helps us ensure that there are enough iPhones for people who are shopping for themselves or buying a gift, but we are requiring a credit or debit card for payment to discourage unauthorized resellers."
Apple believes that many people are already buying multiple iPhones strictly for resale, especially after modifying the units by "unlocking" them to allow them to be used on any other wireless phone services provider other than AT&T. The only other carrier equipped to handle the iPhone in the U.S. is T-Mobile.
Apple estimates that about 250,000 of the approximately 1.4 million iPhones sold to date have been modified for this purpose. This causes both AT&T and Apple to loose revenues as Apple receives a portion of the phone service fees from AT&T.
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