Noticeably absent from Shanghai’s new Apple flagship store, which opened last last weekend, was the iPad and iPhone 4, both of which have yet to have a set China release date. But as with every Apple product, they’re both available on the gray market here… for a hefty price. Imported unlocked models from the UK go for at least 12,000RMB here, according to MIC Gadget.
Apparently, the stores love to sell the unlocked models which are imported from UK, and they are selling like hotcakes in the gray markets of Beijing, Shanghai and Hong Kong. The price is exactly the same in three locations. For today’s Shanghai, the price of an unlocked 16GB iPhone 4 costs between $12000-14000 yuan (about $1770-2000), and that’s an unstable price. Due to the iPhone 4 shortage in UK, the retailers of the gray market could not get a sufficient amount of stock to please the Chinese Apple fans.
If you opt for a US import instead, you can get the iPhone 4 for half the price, around 7000 to 8000RMB. Unfortunately though, you’d have to wait until hackers come out with a jailbreak in order to use it – US iPhones have software that only let you use it on the American AT&T network.
If you’re that desperate to own one of these gadgets, I’m guessing you probably don’t want to wait any minute longer to turn it on and make a call. But is doing so really worth 12,000RMB? Macnerds are crazy.