200,000 New iPads Unites Have Already Made Its Route To Shenzhen, China Through Smuggling

Posted on Mar 21 2012 - 5:41am by Editorial Staff

Its being only two day since Apple announced that it had sold 3 million units of its new iPad since from the time its launch, but what a dazzling news coming up that Chinese media outlets are reporting that some 200,000 grey market devices have been smuggled into Shenzhen, China, reports CUTV and cited by Tech In Asia, the device have been smuggled by imports into the city who has ventured overseas to purchase them. There is also news stating that number of devices among them was transferred over from the US also, where pre-orders and a wider selection are possible.

The pricing goes like this, those in the US are reportedly taking about $20 for each iPad they buy and pass to the smugglers whereas the fees in Hong Kong is lower around 80 RMB ($12.65), but on an whole, it still represents a lucrative business opportunities for the cross-border carriers.  Even also the first smuggled new iPads into mainland China will change hands for as much as 10,000 RMB ($1,580), before the price settles down to a more regular level.

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