toggle

AAPL Stock: 105.22 ( + 0.39 )

Printed from http://www.macnn.com

Hong Kong vendors funnel iPads to China, other countries

updated 03:15 pm EDT, Fri July 23, 2010

Local sales a boost to gray market

Hong Kong is and should only increase in importance as a hub for gray-market iPads, reports from Bloomberg and the Wall Street Journal note. The iPad is officially going on sale in nine new regions today; aside from Hong Kong, these include Belgium, Ireland, Luxembourg, Mexico, the Netherlands, New Zealand and Singapore. Some Hong Kong residents have been able to get the iPad since the US launch, however, through vendors selling tablets originally bought in American stores.

Although the number of local gray-market clients is likely to shrink, it's anticipated that Hong Kong will serve as a funnel for buyers in areas like Vietnam and mainland China, where Apple has yet to even hint at iPad plans. One Hong Kong vendor, Kurt Lo, says he has already received orders for between 300 and 400 units for export. In his case Chinese vendors are expected to each pick up bundles of anywhere between 10 and 50 iPads for resale.

Apple's small presence in China may hurt some shoppers. A Beijing vendor, Wang Pingdao, comments that he is planning to sell the 16GB Wi-Fi iPad in China for 4,300 yuan ($634 US), after buying units in Hong Kong for only $3,888 ($500 US). Still more profit should be made next week, when the iPhone 4 becomes available in Hong Kong.

Gray-market iPhones have done well in China this year. Some 400,000 were sold in the first half of 2010, even as official carrier China Unicom sold 500,000. Hong Kong iPhones are said to be particularly attractive, as they are unlocked by default and easier to update. They also have Wi-Fi, currently unavailable on Unicom's models.






by MacNN Staff

POST TOOLS:

TAGS :

toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

MacNN Sponsor

Recent Reviews

Sound Blaster Roar Bluetooth speaker

There could very well be a new king of the hill for Bluetooth speakers, with Sound Blaster's recent entry into the marketplace. Bring ...

Kenu Airframe Plus

Simple, stylish and effective, the Kenu Airframe + portable car mount is the latest addition to Kenu's lineup. Released earlier this ...

Plantronics Rig Surround 7.1 headset

Trying to capture the true soundscape of video games can be a daunting task. Looking to surround-sound home theater options, users hav ...

toggle

Most Commented