Reading far too much into it

Even the normal phone stores in Italy have nothing right now (and there are a lot of regular Italian buyers still trying to get a phone, don't forget). Well connected companies like Expansys have their sources that they will have built up over time, and rewarded appropriately. Even with these kinds of sources, traders are *really* struggling to get stock.
Taking the UK as an example: Carphone Warehouse have moved back to Preorder for the 16GB model, and as of yesterday have officially ceased paying affiliate commission to their online affiliates for iPhone sales.