iPhone X pre-orders are being scalped on eBay for $1,500, on average

Demand for the iPhone X has been “off the charts,” according to Apple, which led to the new device selling out in a matter of minutes. Well, that and the limited quantities available at launch. According to several reports, ship times dropped from two to three weeks for all models to up to five weeks, only 10 minutes after pre-orders opened up. Because of the scarcity of the hotly anticipated