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The iPhone 6 Grey Market: One Man's Tale

Image courtesy Leung Kwok in Hong Kong

Image courtesy Leung Kwok in Hong Kong

With the unprecedented speed of the iPhone 6 and iPhone 6 Plus rollout, one might think the grey market for iPhones had dried up entirely. One would apparently be wrong. 

Leung in Hong Kong wrote in over the weekend, with pictures of two guys set up pretty openly and brazenly selling iPhone Sixes “around the corner from the Hong Kong IFA Apple Store.” The selection was limited. Each had only the 128GB iPhone 6, according to Leung. Then again, they had iPhones. Leung says only a few iPhones are available for reservation online for store pickup every day and they’re not available at the online Hong Kong Apple Store. But around the corner, dudes have stack of them. Well, one picture of one seller shows about 20 in a stack. The other pic of the other seller only shows about six iPhones sitting out, though they’re next to a bag and a couple of boxes that could easily house more of the phones. 

So what’s the going rate for not waiting? The 128GB iPhone 6 normally sells in Hong Kong for the equivalent of US$1,035. One of the scalpers with whom Leung spoke is selling the phones for US$1,218, while the other is going few buck higher, selling for US$1,256. For his part, Leung refuses to pay scalpers so he doesn't have one yet, though he says he’s hoping to get one through legitimate channels before Christmas.

 

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