ugg winter boots iPhone 6 smugglers slash prices after supply outweighs demand in China
The iPhone 6 has so underwhelmed consumers that even smugglers who illegally shipped them to China are having to slash their prices. Pictured is a smuggled sets of Apple iPhone 6 are displayed after being found hidden in a tea leaf box at the customs in Shenzhen, near the Hong Kong border, Guangdong province
The New York Times reported that smugglers were shipping devices to China because they do not go on sale there for a few weeks and they are already out elsewhere.
If the trend continues it could mean the end of smugglers queuing up at Apple stores at the launch of the newest iPhone, making unlikely companions to the tech savvy 20 somethings who form the bulk of the line. Pictured are queues of people waiting to get their hands on the iPhone 6 and 6 Plus earlier this month
Legitimate retailers are currently selling iPhone 6 at a starting price of $649 (539) and 6 Plus for $499 (619)
One iPhone seller in Beijings northwestern tech hub Zhongguancun said: Stocks of the iPhone 6 are way too high right now.
WHY IS THERE A CHINESE BLACK MARKET FOR IPHONES? China isn’t selling the latest iPhones, despite the country being Apple’s biggest market.
Soon after Apples announcement of the iPhone 6 and 6 Plus, Chinas big three telecom providers removed their online pre order forms for the new phones.
The move followed an announcement by Apple that the phone’s introduction China had to be delayed. Apple is yet to respond to a request by MailOnline about why the announcement was made.
Some experts have speculated that Apple isn’t selling in China due to iPhone 6 leaks, while others suggest it is due to supply chain issues.
The 21st Century Business Herald, a Shanghai based business publication, claims the problem is that Apple hasnt yet received a ‘network access’ license from Chinese regulators. This wasn’t an issue for Apple previously and why this is the case now has yet to be revealed.
The main route to China for smuggled iPhones is from Hong Kong gangs persuade consumers to buy them using their official ID cards, only one of their agents to collects the device from the Apple store.
When prices were good smugglers could expect to make around $163 (100) per device but now one iPhone seller said that his losses will be big.
Another factor which has put of smugglers is a crackdown by police in China who have been raiding boats carrying iPhones before they land at ports.
If the trend continues it could mean the end of smugglers queuing up at Apple stores at the launch of the newest iPhone, making unlikely companions to the tech savvy 20 somethings who form the bulk of the line.
The reports of declining demand in China contradicts with Apples own figures which said that it had 10 million pre orders worldwide for the iPhone 6.
In reviews it was dubbed the most exquisite smartphone ever but since then consumers have reported a number of issues including how the phone bends easily and stays out of shape.
There have also been problems with iOS 8, the latest operating system, with some users complaining that it stopped them being able to make calls.
Apple has released a fix for their devices.
The company declined to comment on the smuggling.
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