I mean...that is what's going on here. That's not supposed to be possible. (And I say this as an unapologetic Apple fan.)

When Apple's products are never available (barring certain rare sales) for significantly less than Apple themselves retails them, that's an indication that some kind of price fixing is going on. Yes, it's price fixing for the products of a single supplier, which means that there's a lot less to do, and a lot less benefit to be gained (ie, the least you're going to be able to sell it for without taking a loss is Apple's wholesale price), but it's still illegal.