16 Oct '11, 6am

Apple's iPhone 4S a big hit in HK's grey market, with hundreds of fans paying $1.6k to get one; some buy to resell

Apple's iPhone 4S was on sale on Hong Kong's grey market at the weekend, attracting hundreds of fans paying up to six times official prices to get their hands on the latest model. -- PHOTO: APPLE HONG KONG (AFP) - Apple's iPhone 4S was on sale on Hong Kong's grey market at the weekend, attracting hundreds of fans paying up to six times official prices to get their hands on the latest model. The smartphone, released in seven countries on Friday, was not yet officially for sale in the southern Chinese city but dealers had imported them, mainly from Australia and Japan, for resale to local customers. The phones are retailing for between HK$10,000 and HK$12,000 (S$1,620 to S$1,950) on the grey market. Depending on their memory capacity they are priced between US$199 and US$399 in the United States with a two-year contract. 'I have sold about 100 iPhone 4S since yesterday,' dea...

Full article: http://www.straitstimes.com/BreakingNews/TechandScience/S...

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