Apple, iPad

200,000 Thousand iPads Already Smuggled Into A Chinese City

It’s only been four days since the release of the new iPad in 10 countries and already 200,000 tablets have been smuggled into China for sale on the grey market. Reportedly Chinese nationals are importing the iPads into Shenzhen, a city bordering Hong Kong.  They estimate that the smugglers are making around a $20 profit on each device.  That comes out to about 4 million dollars in lost profit for the smugglers in one seizure.  Ouch!

According to a report by CUTV translated by Tech In Asia, the iPads had been brought into China by importers that traveled over seas to purchase them.  A significant amount of the smuggled tablets are said to have come from the U.S. where pre-orders and a wider selection meant shorter lines for customers.

They grey market price for the new iPad depends on demand but some Chines customers will pay up to $1,580 to get their hands on the tablet early.  Over time that price should drop to around $80 about the official retail price.

The new iPad is expected to make it’s way into China legally in the next few months, where they should have the opportunity to buy direct from Apple without paying an early premium.

Source: TheNextWeb

Share this Story

Related Posts


  1. appliance repair Richmond Hill

    February 1, 2018 at 8:59 am

    504181 41499Good job on this post! I actually like how you presented your facts and how you made it interesting and straightforward to understand. Thank you. 247292


  2. houzz ppc

    February 1, 2018 at 9:06 am

    194316 922838This is how to get your foot inside the door. 882950


  3. 942253 28638Hi! Fantastic post! Please do tell us when I will see a follow up! 652796


  4. green coffee

    February 24, 2018 at 1:28 am

    513964 51421I admire your function , regards for all the valuable blog posts. 753053


Leave a Reply

Your email address will not be published. Required fields are marked *

Join Our Mailing List

Email Format

Free iTunes Gift Cards!

Find us on Google Plus