iPhone 4 is still high. Apple can’t seem to them quickly enough and despite their increasing measures they haven’t been able to stop iPhone . One scalper named Huang claims to have sold 20 iPhones since its official and has made himself 3400 Yuan ($510):
"I have been standing in line repeatedly since the first day of the launch. I purchased twenty iPhones in total so far, and made 3,400 yuan out of them,"
Scalpers add anywhere from 400-700 Yuan to the price of the iPhone before selling it on to customers who are not willing to line up for hours. One customer paid 5700 Yuan ($855) for his 16Gb iPhone 4, but isn’t bothered about the mark up:
"Given the convenience factor -- you don't have to pre-order online and you don't need to wait in long queues -- I think the higher price is reasonable,"
Apple stores through out China have tried different tactics to stop the grey market sales from extra security to a pre-order and pre-pay service, but nothing seems to be stopping these opportunists making an easy living.
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