Unlocked Apple iPhones selling like hotcakes on Mumbai grey market

Apple “iPhones are selling like proverbial hotcakes in the city [of Mumbai, India],” Dean Williams reports for DNA. “‘I’m planning to buy an iPhone. I was saving up for a PDA, but now I’ve been told that the price has fallen, and that I can get an unlocked phone for less than Rs30,000,’ says businessman Manoj Rathode.”

Williams reports, “And he most certainly can. A trip to Heera Panna in Tardeo saw iPhones peering out of the windows of almost every electronics shop. The prices ranged from Rs29,500 to Rs28,000 [US$747-$709] for the 8GB model. ‘We don’t usually stock the 4GB model (which retails for about Rs24,000) [US$608] as everybody wants to buy the 8GB model, the difference is only Rs4,000,’ said one shopkeeper.”

Williams reports, “Another stated that the stock he ordered three days ago (10 8GBs and four 4GBs) had sold out and he was awaiting the next shipment. The volume of phones being sold is rising steadily. Every shopkeeper we spoke to claimed to have sold more than 50 iPhones in the last two weeks. If we add up the number of shops we spoke to — six — that would make more than 300 iPhones sold in a fortnight and that’s just from one mall.”

Williams reports, “Keep in mind the iPhone is not scheduled to officially launch in the country till next year.”

Full article here.

[Thanks to MacDailyNews Reader “Mike in Helsinki'” for the heads up.]

Bloodbath.

26 Comments

  1. Bombay is what the brits named Mumbai when they heard it pronounced in Hindi. Just like they anglicised most of the Gaelic names in Ireland.

    They have unlocked O’phones in Ireland.

  2. I found this through Google:-

    “SELL LIKE HOT CAKES – “Hot cakes cooked in bear grease or pork lard were popular from earliest times in American. First made of cornmeal, the griddle cakes or pancakes were of course best when served piping hot and were often sold at church benefits, fairs, and other functions. So popular were they that by the beginning of the 19th century ‘to sell like hot cakes’ was a familiar expression for anything that sold very quickly effortlessly, and in quantity.” From “Encyclopedia of Word and Phrase Origins” by Robert Hendrickson (Facts on File, New York, 1997)”

  3. Tandoori chicken or not, Apple can’t ignore the Indian Cell Phone market.. It’s one of Nokia’s cash cows (no pun intended) and people here are crazy about getting the latest phones.. people here are used to paying $600-700 for unlocked phones, and there’s no reason the iPhone wont sell unbelievable well here. But alas, like all Apple products in India, the sales and service sucks horribly. Apple needs to move in on the Indian market because it’s a guaranteed sale.

  4. Thanks Derek. I love to learn. I was twisting the story to get O’phones into Ireland.

    BTW, according to your story, many other people have twisted the facts for generations. LOL.

Reader Feedback

This site uses Akismet to reduce spam. Learn how your comment data is processed.