The iPhone 6 might be made in China but Chinese consumers are having a hard time getting their hands on Apple’s new smartphones.
With Chinese state regulators currently withholding a critical licence needed to sell the smartphones in the country, eager Chinese consumers are being forced to travel to foreign countries (or explore more dubious sources) to get hold of the new iPhone on launch day.
Dealers in Hong Kong told AFP that they’d dispatched staff to Japan to be first in line to grab unlocked devices, ferrying them back to home where they can be sold for as much as £1,500 to eager shoppers from the mainland.
Gary Yiu, the manager of an iPhone reseller store in Hong Kong, told the news agency that the most sought after model was the 128GB iPhone 6 model, with Chinese customers making up “60 to 70 per cent” of his pre-orders.
For traders in Hong Kong's grey market, the new iPhone has been described as a "sure bet" and "better than the stock market," offering mark-ups from 50 to 150 per cent.
However, even this will only be a small part of illegal iPhone trading in China, with mobile researcher Neil Shah telling Bloomberg that he expects as many as 5 million devices to be smuggled into China before the government gives their seal of approval.
In pictures: iPhone 6 goes on sale
In pictures: iPhone 6 goes on sale
Blue T-shirt-clad staff open the door of the Apple Store for a few hundred people waiting outside in this upscale Tokyo neighborhood of Omotesando for the long-awaited new pair of iPhones - iPhone 6 and its larger variant iPhone 6 Plus Iphone 6 Launch in Tokyo
Ken Miyauchi, left, vice president of Softbank, Japanese mobile phone company hugs the first customer of iPhone 6 during a ceremony to mark the first day of sales of the new Apple iPhone 6 and 6 Plus at a store in Tokyo
A member of the public celebrates at the launch of the iPhone 6 at the Apple store Covent Garden in London
Joseph Cruz (R) shows his phone to Moon Ray (C) an another man while waiting in line for the iPhone 6 to go on sale outside the Apple store on Fifth Avenue in New York City
Customer Sylvain leaves an Apple store with boxes as the new iPhone 6 goes on sale in Paris
Sales assistants prepare new Apple iPhone 6 phones and other Apple products at the Apple Store on the first day of sales of the new phone in Berlin
First customer Max, 20, jumps in joy with new mobile phones in his hands during the launch of the Apple iPhone 6 sale at a store in Oberhausen
People prepare to enter the Apple Store at 8am on the first day of sales of the new Apple iPhone 6 in Berlin
Singaporean law student Bjorn Tan (L) takes a self photograph with his mother Wendy Heng (R) with his newly purchased iPhone 6 during its launch by Singtel, Singapore telecommunication company
Customers look at the new iPhones on display at the launch of the new Apple iPhone 6 and iphone 6 plus at the Apple IFC store in Hong Kong
Customers wait in line to purchase the new iPhone 6 and iPhone 6 Plus models as they go on sale at the Apple store in Sydney
Customers inspect iPhone 6 acessories at a Telstra Store in Sydney
Chinese state news agency Xinhua has said that the new iPhones require just one more licence to access networks before they can be sold. The country's regulators have a history of hostility to Apple's products, with CCTV describing the iPhone's tracking services as a threat to national security in July this year.
Like many other Western tech firms, Apple has faced increased scrutiny from governments and customers alike following Edward Snowden's revelations of widespread government surveillance.
Apple has responded by trying to convince customers that its business model is based on selling gadgets not collecting personal information, with the company even introducing new security protocols that make it impossible for law enforcement to extract data from their devices even if they have a search warrant.Reuse content