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China demand to fuel Hong Kong iPhone grey market

14
Sep
2014

Wealthy mainland Chinese looking to buy the new iPhone 6 next week could expect to pay an eye-watering US$2,500 for the handsets in Hong Kong, following Apples decision to delay the launch in China. Hong Kong has long been a hub for resold and refurbished phones, and delighted vendors there were coping with a flood of pre-orders from the Apple-obsessed mainland. Apple this week unveiled the two latest models in its iPhone series, both of which boast a larger screen, in a bid to recapture its role as a technological trend-setter. The phones will be made available in 10 countries — including Hong Kong — from September 19, but Apple has not yet stated when they will be available on the mainland, despite it being one of the US tech giants largest markets.

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