A man spent over $4,500 on returned Apple products in the hope of making a nice profit.
The results were certainly jarring.
Apple products have their lifecycle, there is no doubt about that. As a result, many sell off or even bin their unwanted items.
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Well, this is where liquidation sites come in, and YouTuber Harrison Nevel decided to take advantage of this.
Nevel spent $4,595 on products he claimed to be worth nearly $10,000.
The Apple products had all previously been returned, with Nevel deciding to take a punt on them at a discounted rate.
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After unboxing them, the YouTuber decided to take them all to a pawn shop in an attempt to make a profit.
Nevel stated in the video he would try to resell the stuff to see 'how much money we potentially made or lost'.
The YouTuber discovered many iPads in the boxes of 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.
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With all that tech in hand, Nevel was feeling confident he'd been able to make a sizeable profit.
As the Apple products are not in a great working order, Nevel began by disappointingly only getting $80 for two of them at a pawn shop.
Another iPad was locked, so the shop refused to buy it altogether unless it could be unlocked.
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Meanwhile, Nevel also attempted to use an automatic device seller to shift the iPad.
The result? $35; the YouTuber decided to decline.
In the end, Nevel made $3,750 from the unwanted Apple products, but that is, of course, far less than what it paid for it. A whopping $845 less to be precise.
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"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 flocked to the comments section, with the vast majority surprised at the money Nevel made.
"$80 for an iPad?! That's an insane low ball offer I would have refused," one person commented, while a second added: "Dang wasnât expecting that much in the red."
Topics:Â Apple, Money, YouTube, Technology
Callum Jones