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Smugglers cash in on delayed iPhone launch in China

“Lured by the promise of profit from smuggling the new iPhones into China, opportunists joined the thousands of Apple Inc fans lining up to buy the devices as they were launched on Friday across Asia,” Theodora D’Cruz And Yuya Shino report for Reuters.

“Regulatory hurdles mean the iPhone 6 and the larger iPhone 6 Plus won’t be available soon in China, the world’s biggest smartphone market where Apple products are popular,” D’Cruz and Shino report. “Benefitting from the delay were many people in Singapore, Hong Kong and Australia, who said they were buying as many iPhones as they could specifically for resale in China.”

“The delay had given smugglers reason to cheer, with many Hong Kong residents racing to pre-order the phone online,” D’Cruz and Shino report. “Such is the appeal of the iPhone in China that in Singapore, several people said they were getting paid to queue up to buy the devices with the intent of reselling them to dealers.”

Read more in the full article here.

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