Thursday, April 08, 2010

iPad Middlemen

CNN has a story today on the value of middlemen to the iPad market in Hong Kong.

On Saturday, Leung and dozens of his friends stood in line at Apple stores around the San Francisco area. "We were limited to buy only two apiece," he said on Wednesday, toting a suitcase filled with iPads fresh off a plane from San Francisco and ready for resale on the streets of Hong Kong.

All told, he and his friends brought back about 200 iPads for sale in Hong Kong, where stores were selling them for as much as 60 percent higher than their $499 retail price.

Note also the individual looking to extend the process to China.

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