Subscribe free to our newsletters via your
. 24/7 Space News .




TECH SPACE
Grey market iPads selling like hot cakes across Asia
by Staff Writers
Hong Kong (AFP) May 5, 2010


Apple has not yet officially launched the iPad in Asia, but that hasn't stopped a booming "grey market" trade in the world's most talked-about high-tech gadget.

The company said on Monday that it had sold a million iPads in just 28 days, and thousands of those clever little black slabs of glass and aluminium made it to Asia.

From Singapore to Seoul, Bangkok to Beijing, iPads are on sale -- for a substantial mark-up on the US retail price.

In Hong Kong, computer malls are doing brisk business.

"We get them from the US," Carl Lee, a salesman at a computer shop in Mongkok Computer Centre, told AFP.

"But if you want one, get one quick -- Apple is restricting buyers to only two iPads per credit card in the States and we don't know how much longer we can get them."

The store could get 15 of the basic 16-gigabyte (GB) models "within a day", he said, for 5,700 Hong Kong dollars each -- around 730 US dollars.

The same model retails in the United States for 499 dollars.

Another salesman, Jay at Concept Digital in the same computer mall, offered to get up to 30 of the same model "within half an hour" for around 710 dollars each.

In Low Yat Plaza, one of Kuala Lumpur's centres for cheap electronics and gadgets, every other mobile phone stall had iPads for sale.

"We have the 16GB, 32GB or 64GB version, how many do you want?" asked vendor Caryn Lee. Prices ranged from 750 to 1,100 dollars.

"Our shop is quite big so we have been able to bring in several hundred over the last month."

Most sellers said they got their iPads from a few dealers with small retail shops in the United States, and one said Apple's failure to supply the device outside the country was fuelling the unofficial trade.

"It is not illegal to sell the iPad and if Apple does not bring them in to Malaysia, we will continue to do so as the demand is very, very high," said phone dealer Low Fun Meng, who sold 70 iPads last week.

Dozens of vendors are selling iPads at stalls in Bangkok's MBK mall for similar prices.

The stallholders are not the only ones doing the selling: two Americans in the mall held a duffel bag with four iPads they had brought over from the United States in the hope of cashing in on the grey market boom.

"We'll make about 100 bucks a pop, 150 bucks a pop. It defrays the cost of the one I got myself," said one of the men.

"It's a hassle bringing them over. I had to whack out three grand on my credit card to get them."

The other man said: "You know, it's a risk. If you get stopped at customs, you'll have to pay a duty that pretty much takes away your profit."

The iPad is made in China and Taiwan, so the ones on sale in Beijing and Taipei have had a long journey home.

Alan Lee, who owns a small electronics shop in Taipei's Guanghua Digital Plaza, had sold out.

"The iPad is the most popular Apple product ever. We're approached by customers every day asking about the availability," he said.

China's grey market in Apple products developed to satisfy demand for the iPhone, which only officially went on sale in the Asian giant in October -- more than two years after its US launch.

At the Buynow electronics store in downtown Beijing, iPads were selling for between 700 and 1,000 dollars.

"We started selling them around 10 days ago and have only three left now," said a saleswoman at one booth, adding she had had a stock of less than 100.

She said the iPads came through a "distributor" in the southern city of Shenzhen, on the border with Hong Kong.

An Apple spokeswoman contacted by AFP would not comment on grey market sales, which are fuelled by the fact that the iPad is not currently available through official Apple stores outside the United States.

The level of demand in the United States since the iPad's launch on April 3 forced Apple to delay the tablet's international release by a month.

"Demand continues to exceed supply and we're working hard to get this magical product into the hands of even more customers," Apple CEO Steve Jobs said on Monday.

The first non-grey market iPads will be on sale at the end of May in Japan and Australia.

But the rest of the Asia-Pacific region will have to wait -- and Apple won't yet say for how long.

.


Related Links
Space Technology News - Applications and Research






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle




Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News





TECH SPACE
Google to start selling electronic books
San Francisco (AFP) May 4, 2010
Google on Tuesday said it will soon begin selling electronic books that people can read on any Internet-connected device including Apple's hot-selling iPad tablet computers. Google will launch an Editions online digital book shop by the end of July and its virtual shelves will be stocked with in-print works with the permission of publishers owning copyrights. "This e-book service will be ... read more


TECH SPACE
LRO Team Helps Track Laser Signals To Russian Rover Mirror

Lunar Polar Craters May Be Electrified

Seed Bank For The Moon

Craters Around Lunar Poles Could Be Electrified

TECH SPACE
Countdown begins to 520 day 'Mars mission'

Mars Rover Sees Distant Crater Rims On Horizon

UA Engineering Students To Display Mars Lander Camera And Flying Blanket

Opportunity For A Balancing Act

TECH SPACE
Pad Abort-1 Set For May 6 Launch

NASA Announces Next Undersea Exploration Mission Dates And Crew

NASA Opens Applications For Inspired High School Students

LightSail: Firming Up The Spacecraft Design

TECH SPACE
China To Launch Second Lunar Probe This Year

China, Bolivia to build communications satellite

China To Complete Wenchang Space Center By 2015

China To Conduct Maiden Space Docking In 2011

TECH SPACE
Russian Progress Freighter Docks Manually With ISS

Russian resupply ship docks at space station with sweets

Russia To Send Freighter With Books And Candy To ISS

Russian Space Freighter Undocks From ISS

TECH SPACE
Energia Overseas Limited Assumes DIP Financing For Sea Launch

Iran To Launch Two Satellites This Year

Iran To Launch Two Telecom Satellites In 2010

Orbital-Built SES-1 CommSat Launched

TECH SPACE
Planet discovered lacking methane

'This Planet Tastes Funny,' According To Spitzer

Small, Ground-Based Telescope Images Three Exoplanets

Wet Rocky Planets A Dime A Dozen In The Milky Way

TECH SPACE
Grey market iPads selling like hot cakes across Asia

A And A Special Feature: Science With AKARI

Recipe For Global Warming-Free Industrial Materials

Google to start selling electronic books




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement