Menu
Grey market iPhone 6 prices plummet in China, as Apple prepares official sales

Grey market iPhone 6 prices plummet in China, as Apple prepares official sales

Grey market prices in China for the iPhone 6 Plus had been reaching over $2,000

After trying to charge upward of $US2000 for an iPhone 6, grey market dealers in China are slashing prices as Apple prepares to begin sales of the product in the country.

Apple will finally launch its iPhone 6 and iPhone 6 Plus in mainland China on Friday, a month after sales began in the US and several other markets including Hong Kong.

In the meantime, grey market dealers in China had been offering their own stock of iPhone 6 models, smuggled in from other countries. Back on Sept 19, the day of the iPhone 6 launch, merchants in Beijing estimated the first incoming units could reach up to $3,000 or more.

Device Prices, a service that tracks China's grey market for electronics, said the iPhone 6 Plus once fetched a particularly high price. The space grey-color of the 64GB model was being offered at around 15,616 yuan ($2,546), or over double its original price, when it first arrived.

The silver 64GB version of the iPhone 6, on the other hand, was priced at around 9266 yuan (US$1,510).

But grey market dealers have since been cutting prices on the iPhone 6 models, after Apple made it known late last month that the product would arrive soon.

In some cases, grey market vendors are offering the models at an even cheaper price than Apple, according to Device Prices. The space grey 16GB version of the iPhone 6, for example, will cost consumers around 5075 yuan, about 200 yuan less than its official price.

Other models in China's grey market are priced only slightly higher than the official cost offered by Apple. One reason grey market dealers can offer a better deal on the iPhone 6 is because of a Chinese import duty on electronics.

Analysts expect Apple's newest smartphone will sell well in the Chinese market, especially among existing iPhone users who want to upgrade to a bigger screen. In a sign of the demand, JD.com, a top e-commerce site in the country, showed on Monday that over 9 million users had made a reservation to order an iPhone 6 or an iPhone 6 Plus when stock becomes available.


Follow Us

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags smartphonesAppleiPhonedistributionconsumer electronics

Featured

Slideshows

The making of an MSSP: a blueprint for growth in NZ

The making of an MSSP: a blueprint for growth in NZ

Partners are actively building out security practices and services to match, yet remain challenged by a lack of guidance in the market. This exclusive Reseller News Roundtable - in association with Sophos - assessed the making of an MSSP, outlining the blueprint for growth and how partners can differentiate in New Zealand.

The making of an MSSP: a blueprint for growth in NZ
Reseller News Platinum Club celebrates leading partners in 2018

Reseller News Platinum Club celebrates leading partners in 2018

The leading players of the New Zealand channel came together to celebrate a year of achievement at the inaugural Reseller News Platinum Club lunch in Auckland. Following the Reseller News Innovation Awards, Platinum Club provides a platform to showcase the top performing partners and start-ups of the past 12 months, with more than ​​50 organisations in the spotlight.​​​

Reseller News Platinum Club celebrates leading partners in 2018
Meet the top performing HP partners in NZ

Meet the top performing HP partners in NZ

HP has honoured its leading partners in New Zealand during 2018, following 12 months of growth through the local channel. Unveiled during the fourth running of the ceremony in Auckland, the awards recognise and celebrate excellence, growth, consistency and engagement of standout Kiwi partners.

Meet the top performing HP partners in NZ
Show Comments