Saw this on another forum and thought that it might be pertinent to some of the newer forum members.
"(1) Iphones do not come cheap! Anyone offering you silly prices is likely to be a scammer.
(2) You CANNOT buy 16GBS or 32GBS for $300, $400 or even $500. At the time of writing the current market rate for wholesale purchases of locked handsets is around $650 - $750 PER UNIT, with never locked (factory unlocked) at around $100 per unit more! And you will be lucky to pay that if you do not know the right people - Anyone offering prices way below these is ether a scammer or a liar!
(3) Genuine 32GBS iphones purchased from Apple China cost $1100 EACH therefore you CANNOT buy iphones in bulk from China no ifs or buts you just cant!
(4) There are NO authorised apple wholesalers therefore you must purchase through a distributor such as ourselves or people who buy from distributors. At each point in this chain the price will increase!
(5) Massive quantities do not excist, be wary of anyone offering 1000's of units as most likely they are not available or if they are a long chain of brokers will be involved.
(6) T/T (telegraphic transfer) or BACS (bank transfer) payment is normal when dealing in the wholesale mobile phone market. The only time you will be offered escrow or L/C is for large volume orders in excess of 500 units. So PLEASE dont expect to pay cash, paypal or escrow!
(7) You are not going to obtain superb prices for small orders ie 10, 20 or even 40 + orders - 5 phones is NOT a wholesale order! You will be offered (by genuine suppliers) a discount for volume purchases, by volume we mean 50 + units.
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STOP trying to find iphones for ridiculous prices you will only end up getting scammed - TRUST ME!
(9) There are currently 3 types of iphone on the market locked, never locked/sim free & software unlocked. The term factory unlocked means "never locked/sim free now these are the most expensive & the hardest to source.
(10) You are NOT going to make millions of pounds, dollars or euros by trying to buy these phones to sell on ebay or anywhere else for that matter. The big money is made on volume purchases.
(11) Thoroughly verify any potential supplier. If you dont know how to do this then please do not even bother trying to "dip your toe" into the mobile phone market."
Copied from a post written by Mobile Distribution Solutions
James