FRANCHISE HERALD
Wednesday September 30, 2020

updated - September 30, 2020 Wednesday EDT

Smugglers Rejoicing About iPhone Delay in China

Sep 12, 2014 10:34 AM EDT | By Eunice Tagalog
Tags
iPhone 6, iPhone 6 Plus, china, Hong Kong, smuggle, pre-order
Close
iPhone imitations line up in a store display in a Hong Kong mall Sept. 12, 2014
(Photo : REUTERS/TYRONE SIU)

The reported setback in iPhone launching in China has smugglers up on their toes.  

The delay in the launching of iPhone creates opportunity to smuggle the device in China.

Pre-orders for Apple's new device, the iPhone 6 and iPhone 6 Plus sold out in a matter of two hours on Apple's Hong Kong web site. China is the world's largest smartphone market, according to Reuters.

The new smartphones will already be available on the market in the U.S., Hong Kong and other markets on Sept. 19, However, China will still have to wait for the devices to be released in the country.

Due to the delay, many of the pre-orders would reportedly be smuggled into mainland China ahead of its official release.

Furthermore, according to the report, these smugglers may be calling the price up for the phones, with the iPhone suspected to be sold as much as four times its original Hong Kong price.

Hong Kong retailers pre-ordered the iPhones to hopefully sell them for a sizable profit to unofficial dealers.

These dealers would then reportedly smuggle the devices across the border into mainland China to resell them or push the demand up the ceiling.

Gary Yiu, a salesperson at and electronics store in I Generation in Sin Tat Plaza in Mong Kok, Hong Kong showed concern regarding the delay of the smartphones in China, and not getting enough handsets to resell as the demand doubled compared to last year.

About 100 electronics dealers in Sin Tat Plaza each bought 150-200 of the iPhone 5S immediately after its official launch in 2013.

Yiu's store offers the handset for 10,000 yuan for those willing to re-sell the latest model, twice its official price of 5,588 yuan. Meanwhile,the asking price for the cheapest iPhone 6 model in Shenzen, located across the border of Hong Kong jumped 20,000 yuan.

The smugglers developed tactics to get the handset from Hong Kong to mainland China, according to the report. They strap the phones around their waists or ankles every time they cross the border. Some even open the packaging and presenting the device as their own if they are ever inspected.

Get the Most Popular Franchiseherald Stories in a Weekly Newsletter
© 2015 Franchise Herald. All rights reserved.
>>>>>>> 10460c7d066ded6bd40ea293096592303635a9b7 <<<<<<< HEAD ======= >>>>>>> 10460c7d066ded6bd40ea293096592303635a9b7
<<<<<<< HEAD ======= >>>>>>> 10460c7d066ded6bd40ea293096592303635a9b7

Connect With Franchise News

Email Newsletter

TOP 10 FRANCHISES OF 2020

  • RANK
    FRANCHISE NAME
    STARUP COSTS
  • 1nc
    Hampton Hotels
    $3.7M - 13.52M
  • 2nc
    Subway
    $85.2K - 260.35K
  • 3up
    Jiffy Lube Int'l. Inc.
    $196.5K - 304K
  • 4down
    7-Eleven Inc.
    $30.8K - 1.64M
  • 5up
    Supercuts
    $103.55K - 196.5K
  • 6up
    Anytime Fitness
    $56.3K - 353.9K
  • 7down
    Servpro
    $133.05K - 181.45K
  • 8down
    Denny's Inc.
    $1.18M - 2.4M
  • 9down
    McDonald's
    $1M - 2.16M
  • 10down
    Pizza Hut Inc.
    $295K - 2.15M
Real Time Analytics