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Grey Market iPad 2s Sells For Double Overseas

The iPad 2 may be sold out here, but it’s not even for sale anywhere else in the world. So what do people do? Buy units here and send them to places like Hong Kong, where the $US500 16GB Wi-Fi model resells for $US1014.

What’s also interesting is how the guy in Hong Kong got his units.

Amazingly, a retailer, Mr. Lo, who is the ‘master’ of the grey market in Hong Kong, who distributed hundreds to thousands of iPhone 4s and iPads to China’s grey market last year, has already received 200 orders before the launch, and he has prepared eight couriers in New York, Chicago, San Francisco and Los Angeles to hop on planes to Hong Kong after securing about 200 iPads and he will get the device to eager consumers by March 13, that’s today. And he did it.

[MICgadget]

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(2 Comments)
  • [–]

    randomambling

    Tuesday, March 15, 2011 at 9:41 AM

    Oh yeah, I remember when that happened with the Galaxy Tab too. And the Dell doodad, HP slate thingy and……

    Anyone other than Apple in this segment must be looking at this market and wondering of it’s even worth it dipping a toe.

    /randomabling

  • [–]

    Sicarius123

    Tuesday, March 15, 2011 at 11:19 AM

    Boy I wish I was a stupid enough fanboy of a product to pay double the RRP to have it a few weeks earlier. /sarcasm

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