HONG KONG — Apple’s iPhone 4S was on sale on Hong Kong’s grey market at the weekend, attracting hundreds of fans paying up to six times official prices to get their hands on the latest model.
The smartphone, released in seven countries on Friday, was not yet officially for sale in the southern Chinese city but dealers had imported them, mainly from Australia and Japan, for resale to local customers.
The phones are retailing for between HK$10,000 and HK$12,000 ($1,300-$1,500) on the grey market. Depending on their memory capacity they are priced between $199 and $399 in the United States with a two-year contract.
“I have sold about 100 iPhone 4S since yesterday,” dealer Ma Hui of Chu Lok Telecom in the bustling shopping district of Mongkok said Sunday.
“Several customers bought 10 of them to resell to others,” he told AFP, as he brought the new phones into his shop before opening for business.
But Ma said the demand for the 4S was less than the frenzy that accompanied the launch of the iPhone 4.
The latest Apple product will be released for sale in another 22 countries on October 28 but dealers in Hong Kong, which has many enthusiastic Apple followers, only expect it to be launched there towards the end of the year.
The Chinese-language Apple Daily News reported Sunday that one mainland Chinese customer had spent HK$861,000 for 82 new phones.
Freedom of thought is under attack — here’s how to save your mind
Freedom of thought stands at a critical crossroads. Technological and psychological advances could be used to promote free thought. They could shield our inner worlds, reduce our mental biases, and create new spaces for thought. Yet states and corporations are forging these advances into weapons that restrict what we think.
To lose freedom of thought would be to lose something uniquely human. We share our basic emotions with animals. But only we can step back and ask “do I want to be angry?”, “do I want to be that person?”, “couldn’t I be better?”.
Here’s how Trump could unleash a horrifying ‘era of authoritarianism’ in his second term
What happens if President Donald Trump not only survives impeachment, but goes on to win a second term? It's a prospect that chills Democrats to the bone — and for good reason.
On Monday, Politico mapped out a detailed, hypothetical scenario in which Trump wins re-election — similar to their 2016 scenario of what would happen if Trump was elected in the first place — and some of the things that people could expect in the coming years. The result would be, as former Nixon White House Counsel John Dean put it, "an era of authoritarianism."
GOP lawmakers in revolt against Trump and are avoiding using White House ‘toxic talking points’: WSJ
Adding to Donald Trump's impeachment worries are reports that Republicans are putting distance between themselves and the embattled president.
According to the Wall Street Journal, support for the president among GOP lawmakers is waning in light of his phone call with the president of Ukraine -- which set in motion the House beginning an impeachment inquiry -- and then his decision to hold next year's G7 conference at one of his golf resorts -- a decision he later abandoned.
According to the Journal, "Mr. Trump’s support within his party will face fresh tests this week, as key witnesses from the State Department and Pentagon are expected to testify in closed hearings before a trio of House committees on the president’s dealings with Ukraine."