Tags: iphone | delay | black market | china

iPhone Delay Black Market: Long Waits in China Lead to Underground Sales

Image: iPhone Delay Black Market: Long Waits in China Lead to Underground Sales
(EPA/Apple/Landov, file)

By    |   Monday, 22 Sep 2014 09:07 AM

The launch of Apple's new iPhone has been delayed in China, and now a black market has sprung up in response.

Bloomberg reported Friday that a vast number of people that formed a line five blocks long outside of the Apple store in Manhattan were scalpers seeking to purchase a new iPhone here in the U.S. and sell it for double the price in China, where it remains unavailable.

"It’s going to be a while before the new iPhone comes to China officially, so if you want it now, you have to pay up," Liu Min, a scalper selling new iPhone's in Beijing, told reporters. "Give me a call if you want one."

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Liu was one of many standing outside an Apple store in the Sanlitun district, and, like the others, refused to comment on his supply chain. He was offering the 16-gigabyte iPhone 6 for 8,000 yuan, roughly $1,300. Many, if not most, consumers purchasing the same phone in the U.S. will pay only $200 with a two-year carrier contract.

"Chinese consumers will still find ways to get their hands on the device, regardless of the delay," said Sandy Shen, an analyst at Gartner Inc. "I think the lag may even fuel the enthusiasm for the device."

Business Insider reported that it wasn't just formalized black market outfits fencing the phones, but that average citizens who regularly travel to and from China were getting in on the action too. Chinese national Shawn Shen, 32, for instance, had taken the day off to buy two handsets in Singapore, which he will sell to friends and family when he travels home.

Chinese regulatory hurdles have caused the delay, with Apple clearing two of three so far, the official Xinhua News Agency reported Thursday. The Ministry of Industry and Information Technology still needs to issue network licenses to the new models, it reported.

China is a huge market for all smartphone manufacturers, and Carolyn Wu, a Beijing-based spokeswoman for Apple, said that the company is trying to get to a Chinese launch "as soon as possible."

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The launch of Apple's new iPhone has been delayed in China, and now a black market has sprung up in response.
iphone, delay, black market, china
370
2014-07-22
Monday, 22 Sep 2014 09:07 AM
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