Apple Inc. no Longer Accepts Cash for iPhone Purchases

Apple Inc. will not accepts cash for iPhone purchases in future and they now limits sales of the cell phone to two per person. Apple Inc has taken this step in a move to stop people from reselling iPhone.

This new policy from Apple Inc started on Thursday, said Apple spokeswoman Natalie Kerris. Before this policy imposed, 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.”

According to Apple, more than 1.4 million units of iPhone have been sold since it debuted on June 29, . It is expected to be a hot gift for the coming holidays.

Apple wants to prevent the action of bulk ‘modifying’ or ‘unlocking’ as people purchased multiple iPhones. It is said that modified or unlocked iphone work on networks other than Apple’s carrier partner in the United States, AT&T Inc.

Apple’s chief operating officer Tim Cook said in a conference call with analysts this week that buyers of 250,000 of the iPhones sold so far intended to unlock them.

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.

Will this new decision of Apple cause any supply problem or will it cut down increase of iPhone purchasing.

Tags: Apple, Cell, iPhone, Software, unlock