iPad 2 Sells at Shocking Price in Hong Kong Grey Market

March 13, 2011 - PRLog -- We definitely know that how iPad 2 has made a hit in tablet market ever since its releasing in American market, selling out 500, 000 within only 3 days. This is a sales miracle that other similar devices are hard to reach. Hong Kong is not among the list of areas for iPad 2 on March 25. But still, the Apple fanboys of Hong Kong have a chance to get a early iPad 2. The price is amazingly high: a 16GB Wifi model would cost as high as $1014 in Hong Kong, over twice the price of iPad 2 in USA.

The price seems unbelievably high, if you see the below. iPad 2 with Wi-Fi (Black),16GB: HKD$7,980 (about $1025), 32GB: HKD$8,980 (about $1153), 64GB: HKD$9,980 (about $1280), iPad 2 with Wi-Fi + 3G (Black), 16GB: HKD$9,680 (about $1243), 32GB: HKD$10,680 (about $1371), 64GB: HKD$11,880 (about $1525). If you want a white version, you need to add HKD$1500-2000 (about $192-256) for every model.

It is really difficult to understand why the Hong Kongers want to secure an early iPad 2 for hefty premiums. Mr. Lo, the famous guy who first sold hundreds of iPhone 4 and iPad in the gray market, said customers have put down HKD$1,000 (about $128) deposit for each iPad 2 before the launch, and if there are some customers who could not accept the price they are offering now, the deposit will be refunded and the device will be reserved for late-comers. When he was asked why customers are willing to spend so much money for an iPad 2, he said:“Apple fanboys are willing to pay our prices to have the iPad 2 earlier. That’s how we earn money.”

Of course, the iPad 2 is not only selling at crazy price in Hong Kong, we took a look at Chinese online shopping site, Taobao, and the stores have set six price points, ranging from RMB¥5,200 to RMB¥8,200 (about $790 – $1246). That’s cheaper than Hong Kong’s gray market! However, we are not sure if Taobao sellers are really selling a real iPad 2 to customers…. What’s more, we checked out Zhongguanchun, the most popular electronics shopping market in Beijing, and the vendors are ready to offer the iPad 2 on March 13, starting at RMB¥7,000 (about for the base model.

Those said prices are in every respect exorbitant than necessary. It might because that the non-availability prompts some people’s simmering desire to own a iPad 2 as early as possible and they surely have no patience to wait for a licensed iPad 2.

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