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Apple iPhone 6 delay in China becomes a boon for black marketers

Delay in the release of Apple iPhone 6 boosts up the sales in the black market, especially in China. The new iPhones are not yet released in China lets the individuals to buy it from different sources and resell them at very high prices.iphone-sale-china

An enterprising seller was selling iPhone 8 for $1,303, which is twice the price of the iPhone 6 in Apple’s Hong Kong Website. In the meanwhile, other seller is selling $927 iPhone 6 to $2,441 in China. Apple has several deals with China largest mobile carriers, China Unicom and China Telecom.

According to report by Bloomberg,

The iPhone 6’s unavailability in China is already creating a black market for people looking to make a quick profit selling one to eager buyers.

Except China, Sale of new iPhones has kicked off today and China waits for regulatory approval from the government. Ministry of Industry and Information Technology has to approve the iPhone 6  for sale and also for network access.

Bloomberg reported,

The delay is not only hurting Apple, which sold a record number of iPhone 5S units in China during the fourth quarter of 2013, but is also revving up China’s famed black market for the iPhone.

One of the seller said,

“It’s going to be a while before the new iPhone comes to China officially, so if you want it now, you have to pay up,”

This action has a huge impact over the sales of iPhone 6 in the China, China has more than 767 million mobile customers and delay in the iPhone 6 release has a huge impact over the sales.

Apple’s new flagship iPhone 6 went out-of-stock within a few hours of its launch with record number of pre-orders and the Apple Online Store went down for maintenance. Shipments of the 5.5-inch iPhone 6 Plus will be delayed by three to four weeks while the 4.7-inch iPhone 6 will face a delay of 10 days. US carriers like Verizon, AT&T and Sprint have delayed their shipment due to the massive demand for the devices. Apple’s Online Store went into a maintenance due to high traffic, which could have resulted in a server crash. Ebay had also listed a 128GB gold iPhone 6 Plus at a starting price of $1625 on Friday.

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About John W Arthur

John is the head of our IT Security team and he writes about Security, IT news on The Next Digit. He was the Employee of the Year 2013 for his selfless support and efficiently setting up the whole security infrastructure. He also occasionally writes on "IT Sec Pro" Print Media of Sweden. All posts by John

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