At a sporting event, or an entertainment event – you expect to see scalpers. Selling tickets at the last minute, and secretly passing money between hands – evading the watchful eye of the law.
But, in front of an Apple store in China? Believe it or not, the answer is yes.
While individuals in China await for regulatory approvals, just to find out what the release date of the new, improved, and crazily buzzed iPhones will be, those having acquired them in countries where they’ve already gone on sale – are ready to cash in, and are doing so very well.
The main catch is Beijing’s Ministry of Industry and Information Technology – who has yet to approve the new devices for network access. China – whose internet is harshly regulated has had a somewhat slow process around the entire release of the latest iPhones.
“Venders” have been offering a wide-range of prices, starting as low as $1,303 – and running all the way up over $3,600 for a new device. One vender had a rather blunt remark on the subject citing that it will be awhile before iPhone reaches China, so “if you want it now, you have to pay up.”
Some believe that when talking about “black market sales” which these are considered – that you’re talking about a rather unsavory group of people. The kind of people that you might not find trustworthy.
However, the truth is that even the average individuals are getting in on the action. People are reaching out to friends and family members in other countries, and buying up large stocks of unlocked iPhones – and having them sent to them for resale – and the concept is well-tested.
After all, there is a major market here in the United States as well, for unlocked smartphones, and one of the most highly anticipated devices of all-time, coupled with restrictions in a country that are making it impossible to have one, much less know when the iPhone 6 will arrive – is aggravating and causing this stir in the first place.
However, laws are being broken. Two laws specifically are broken during the resale of iPhones, under these circumstances. One, any individual selling an iPhone under these circumstances is avoiding paying heavy importing fees, or taxes. The other law is the one that is actually holding up the official sale of the iPhone 6, which grants approval to the individual to sell the device.
But, as long as Apple and the Chinese government continue to fail on coming through with at least a release date – this is sure to continue.