iPhone 6 Delay in China Could Cause Fans to Pay Up to US$5,000
Cory Doyle | | Sep 15, 2014 02:31 PM EDT |
(Photo : BusinessInsider)
The highly anticipated iPhone 6 will be released in multiple countries Sep. 19, but China will have to endure the wait a little longer as Apple delayed their release - causing many fans in China to look towards the Grey Market and pay upwards of nearly US$5,000.
China has hundreds of millions of potential consumers, making it one of the biggest smartphone markets in the world. However, Apple still hasn't confirmed an official release date for the iPhone 6 in China.
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The city of Hong Kong will be among the other countries that are set to have the iPhone 6 released on Sep. 19, but the device won't be available in Mainland China until "sometime later this year", according to Apple's release plans.
The low supply and high demand is said to cause prices in Mainland China to escalate up to nearly 30,000 yuan (US$5,000) for the iPhone 6-Plus Gold models, which is only worth $750 contract-free or $299 with two-year contract in the U.S.
Establishments in Hong Kong will reportedly begin selling the devices for around US$2,500. According to reports from sellers in the area, this price is a bargain as the phones can then be resold on the mainland where fans can expect to pay nearly double the price.
"Because it is not being sold in mainland China first, there will be a lot of mainland customers coming here to buy it, so there will be less stock and it can be sold at such a high price," said Lau Chi-kong, who runs the G-World store.
Apple products are so popular in China, that in 2012 a teen actually sold his kidney in order to be able to purchase an iPhone and iPad.
Hong Kong reportedly began taking in pre-orders for the devices on Friday, but all models quickly sold out within the first couple hours, with the iPhone 6-Plus selling out in just under an hour.
Apple says the iPhone 6 will be released in over 115 countries by the end of the year.
TagsHong Kong, iPhone 6 Plus, release delay, low supply, high demand, iPhone 6 Price
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