A man invested over $4,500 in returned Apple products with the intention of making a significant profit.
The outcome was certainly surprising.
Apple products have distinct lifecycles, leading many to sell or discard their unwanted items over time.
This is where liquidation sites come into play, and YouTuber Harrison Nevel decided to capitalize on this opportunity.
Nevel spent $4,595 on products he estimated to be worth nearly $10,000.
The Apple items were all previously returned, and Nevel took the risk of purchasing them at a discounted rate.
After unboxing the products, Nevel decided to take them to a pawn shop to see if he could turn a profit.
He mentioned in the video that he would attempt to resell the items to determine “how much money we potentially made or lost.”
The YouTuber found many iPads in the boxes, spanning different generations.
“We have five of them that are worth $600 new, now I would be happy if we could maybe pull half of that, maybe a little less than half out of that, so we’re talking maybe $200 to $300 a piece because we can get $200 of each of these – that’s $11,000 right there,” he explained in the video.
Armed with all that tech, Nevel was optimistic he’d secure a substantial profit.
However, due to the Apple products’ poor working condition, Nevel only managed to get $80 for two of them at a pawn shop, which was quite disappointing.
One iPad was locked, and the shop refused to buy it unless it could be unlocked.
Nevel also tried to use an automatic device seller to offload the iPad.
The result? $35; Nevel decided to decline the offer.
Ultimately, Nevel earned $3,750 from the unwanted Apple products, which was significantly less than what he had paid for them, specifically $845 less.
“We’re probably in a little bit of a negative but that’s why nobody bought the box off of that website and why we’re here to take the risks,” Nevel concluded in the video.
Many viewers have commented on the video, with most expressing surprise at the amount Nevel managed to make.
“$80 for an iPad?! That’s an insane low ball offer I would have refused,” one viewer commented, while another added: “Dang wasn’t expecting that much in the red.”