MOST SHARED
- Obama Sees Strains Unless US, China Balance Growth
- Can Apple Top Microsoft as Most Valuable Tech Firm?
- Future of Marketing
- Priceline Crushes Profit Forecasts; Shares Jump
- Mad Mail: Buy the Berkshire Hathaway Split?
- European Commission Objects to Sun Micro-Oracle Deal
- Oil Tomorrow
- Framed for Porn – By a PC Virus
- Cramer: 5 Stocks to Play the Next Bull Run
- Sprint to Cut Up to 2,500 Jobs, Sees Charge
- Fed's Tarullo Backs Surcharges to Limit Bank Size
- Look Ahead: 'Risk On' Sentiment Could Fuel Rally Further
- European Commission Objects to Sun Micro-Oracle Deal
- Obama Sees Strains Unless US, China Balance Growth
- JPMorgan Lifts Salary Freeze Amid Recovery
- Can Apple Top Microsoft as Most Valuable Tech Firm?
- Do You Know Your Coca-Cola Myths?
- Buffett to Sell Stakes in Norfolk Southern, Union Pacific
- Cramer: 5 Stocks to Play the Next Bull Run
Text Size 
Apple no longer accepts cash for iPhone purchases and now limits sales of the cell phone to two per person in a move to stop people from reselling them.
The new policy started Thursday, said Apple spokeswoman Natalie Kerris. Before then, there was no cash restriction and the purchase limit was five per person.
"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," Kerris said. "We're requiring a credit or debit card for payment to discourage unauthorized resellers."
More than 1.4 million units of the hybrid cell phone-iPod have been sold since it debuted on June 29, according to Apple. It is expected to be a hot gift for the holidays.
Apple [AAPL
Loading...
()
]thinks some people already have purchased multiple iPhones to resell, including those looking to modify, or "unlock," the phones so they work on networks other than Apple's carrier partner in the United States, AT&T Inc.
Apple estimates that buyers of 250,000 of the iPhones sold so far intended to unlock them, Apple's chief operating officer Tim Cook said in a conference call with analysts this week.
Apple's attempts to prevent that "unlocking" activity, which included a software update that blocked the workarounds hackers had developed, have frustrated users -- and sparked two lawsuits.
Print
Email
- Do free market libertarians really believe what they say about ethics and shareholder value? The Big Money takes a look.
- Cramer did the research and found eight stocks that lead the pack. Read on to get his top picks.
- On the anniversary of the fall of the Berlin Wall, many in the former Eastern Bloc recall communism fondly.
- Software, biotech firms, even banks are watching a particular Supreme Court argument today.
- From politicians to CEOs to companies, here's your chance to vote for the winners and losers of 2009.
- A new sinister Internet viruses can turn you into an unsuspecting collector of child pornography.
Data is a real-time snapshot *Data is delayed at least 15 minutes