Precious Commodity: iPhone 5 Smuggled Early Into China

 

Apple’s latest iPhone concoction, good ole number 5, has hit the mainland of China via Hong Kong this weekend in short supply and in hot demand.
From a China Daily report: In a crowded building in the southern city of Shenzhen, which lies across Hong Kong’s northern border, a salesman stood by as shoppers speaking various dialects scrambled to take photos of three shiny new iPhones on display in his glass cabinet. “The stock is so limited that people are treating them like gems,” said another salesman, surnamed Lin.
New Apple products are typically rolled out in the Chinese mainland after they are in Hong Kong, creating a thriving “gray market” for enterprising traders. According to local media reports, iPhone 5 is expected go on sale in the Chinese mainland by year end.
See: iPhone 5 Arrival Triggers Frenzy In China – China Daily