"Anyone who has them can get rid of them," Oberdick, who owns the Bowling Green, Ohio-based smartphone repair company iOutlet and accessories and parts wholesaler Elevate Supply said. "I've been wholesaling to gas stations, Verizon chains, to people who are selling them out of the back of their cars. We've cut spending in other areas of our repair business to buy spinners. It's much easier than selling iPhone parts and other repairs."According to wholesalers in China and in the United States, many of the factories in China that traditionally have made smartphone cases and accessories have essentially shut down those operations to focus on fidget spinners full-time.
"I'm selling a couple thousand a week just walking around and asking stores if they want them"
"The molds are really easy to make, so every factory that does plastic is making these," he told me. "If you're a small or mid-sized factory you can make the molds on the fly and make 10,000 of them the next day.""My supplier says they're 25 cents to make, more or less," he added. "I get them for 60 cents and sell them for 85 cents wholesale. I'm selling a couple thousand a week just walking around and asking stores if they want them."There are lots of people in the United States importing fidget spinners en masse, but I noticed that, in particular, the smartphone repair community has recently become obsessed with the craze. That's because many independent repair shop owners regularly deal with importing iPhone parts and accessories from China's grey market. It's easy, then, to have a supplier add 100 or 1,000 fidget spinners to normal parts shipments."Anyone who sells iPhone screens knows the same people who can buy spinners by the hundreds or thousands," Oberdick said.Oberdick says he's paying between 90 cents and $2 a piece per spinner and tries to make a profit of about $2 per spinner on wholesale orders and $8 per spinner on retail sales. He says the product has been so profitable that he plans on donating much of the money he makes in May to nonprofits.
"Anyone who sells iPhone screens knows the same people who can buy spinners by the hundreds or thousands"