Some are simply selling their places in line, others do it for charity, and others do it because smugglers from China have hired them to do so. New reports from Reuters and PCWorld reveal that the Chinese iPhone imports business might still be a booming success this year, especially since Chinese regulators have yet to let Apple start official iPhone 6 and iPhone 6 Plus sales in the region.
According to unofficial iPhone retailers in China who have talked to PCWorld, the price of the iPhone 6 might go up to $4,000 per unit as long as supply in the country remains tight.
“Chinese people will buy anything,” one electronics retailer said, expecting initial iPhone 6 prices to start at $3,251. “If it’s just a few hundred units, then the price will be high. But if it’s several thousand units then the prices will fall,” the same person said.
Meanwhile, Reuters reports that Chinese smugglers have already set up operations in Hong Kong and Japan, looking to buy as many iPhone units as possible and then resell them in China. For example, a Hong Kong-based 28-year old financial planner paid his friends to buy iPhones in Japan, looking to score as many as 35 units, though he only managed to acquire 25 units.
Others buyers in Singapore have lined up to buy iPhone 6 units for a third-party who is paying up to $120 “per job.” “We are all buying two – one maybe for ourselves, the other to sell,” one 18-year old said.
Reuters has photographed such gray market iPhone 6 trading in Hong Kong – see following pictures.