A Glum Sign for Apple in China, as Smuggled iPhones Go Begging
By PAUL MOZUR and SHANSHAN WANG SEPT. 28, 2014
HONG KONG - When Apple's latest iPhones went on sale this month in Hong Kong, Singapore and New York, among the hip urbanites and tech-obsessed was another group clamoring for the devices: Chinese scalpers looking to make a premium by flipping the phones to smugglers.
But the gray market for the new iPhones has already dried up, even though they will not officially go on sale in China for a few weeks, at the earliest.
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