Mr. Lo of Hong Kong will happily sell you an iPhone 5 right now for $1135. If you want to buy one through Apple or an authorized retailer, you must wait until Friday.
Alright, Mr Lo, the ‘master’ of the grey market in Hong Kong who distributed hundreds to thousands of iPhone 4s and iPads to China’s gray market, told the local media that he is selling the iPhone 5 starting at HK$8,800 (about US$1135). When Lo was asked about the sales of the iPhone 5, whether there would be a demand for it, he said the stock for the iPhone 5 is quite tight, so he thinks it will be alright to re-sell the phone for a hefty markup, at least for the first two weeks. What’s more, he has prepared “secret” couriers in U.S. and Europe to hop on planes to Hong Kong after securing about hundreds of iPhone 5s. Right now Lo has already received 100-200 orders from mainland China customers before the iPhone 5 goes on sale in Hong Kong’s Apple retail store. He added that the grey-market iPhone 5 would not be limited in warranty and could come with an international guarantee, meaning owners could go into any Apple shop and have the device checked or replaced if required.
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