Gold iPhone 6 Selling As High As $4,128 In Beijing Stores
Gold iPhone 6 Selling As High As $4,128 In Beijing Stores
Unlike the iPhone 5S launch, Apple has delayed selling its latest iPhone in China and that has created a robust grey market for the device. As Casey Neistadt pointed out in a recent film, many of the line-sitters in New York City appeared to be buying the phones to for re-sale or export, presumably where you can't buy one from Apple yet: China.
iPhones went on sale Friday in nine other countries and territories: the U.S., U.K., Australia, Canada, France, Germany, Hong Kong, Japan, Singapore and Puerto Rico. An employee at the "Apple Experience Store" said their iPhones had been imported from Hong Kong, which is probably the most plausible origin of the device.
Apple has not recieved regulatory approval to sell the iPhone 6 in China, and Apple has given no timetable, meaning weeks and perhaps months for entrepreneurs to capitalize on limited supply and huge demand. What little supply that exists has been selling across Beijing for huge markups. Bloomberg interviewed a guy selling the iPhone 6 right outside an official Apple Store in Beijing Friday for 8,000 yuan ($1,303) . Since then, supply has become more scarce the price is going up.
It will be interesting to see how Apple's first weekend of iPhone 6 sales compare with the iPhone 5S, which launched simultaneously in China along with the other nine countries and territories. We'll learn more about those on later on Monday.
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