Giz-China has posted a report and photos claiming that genuine white iPhone 4s are being sold in China’s grey market. What is a grey market you ask? It’s a system involving the secret but not illegal (black markets) sale of goods at excessive prices. Many unofficial resellers in China have a large amount of these and are selling them online.
Pricing for these ‘they fell off the truck’ iPhones start from 5500 Yuan ($828) and increase to nearly 8000 Yuan ($1204) for the base model 16Gb version and even higher for the 32Gb models. These high prices are much above official retail prices of the black iPhone 4 plus you have to factor in that they are running iOS 4.1 which is locked to AT&T.
According to TUAW’s post, “This type of illegal resale has been a persistent problem for Apple. In 2008, the New York Times estimated that there were 1.4 million ill-gotten iPhones in the world. At this time last year, the Wall Street Journal estimated that number had grown to 2 million in China alone.”
[via TUAW via Giz-China]
Unlock More with Club MacStories
Founded in 2015, Club MacStories has delivered exclusive content every week for over six years.
In that time, members have enjoyed nearly 400 weekly and monthly newsletters packed with more of your favorite MacStories writing as well as Club-only podcasts, eBooks, discounts on apps, icons, and services. Join today, and you’ll get everything new that we publish every week, plus access to our entire archive of back issues and downloadable perks.
The Club expanded in 2021 with Club MacStories+ and Club Premier. Club MacStories+ members enjoy even more exclusive stories, a vibrant Discord community, a rotating roster of app discounts, and more. And, with Club Premier, you get everything we offer at every Club level plus an extended, ad-free version of our podcast AppStories that is delivered early each week in high-bitrate audio.
Choose the Club plan that’s right for you:
- Club MacStories: Weekly and monthly newsletters via email and the web that are brimming with app collections, tips, automation workflows, longform writing, a Club-only podcast, periodic giveaways, and more;
- Club MacStories+: Everything that Club MacStories offers, plus exclusive content like Federico’s Automation Academy and John’s Macintosh Desktop Experience, a powerful web app for searching and exploring over 6 years of content and creating custom RSS feeds of Club content, an active Discord community, and a rotating collection of discounts, and more;
- Club Premier: Everything in from our other plans and AppStories+, an extended version of our flagship podcast that’s delivered early, ad-free, and in high-bitrate audio.
Vector & pixel trafficker for Seymour Midwest LLC, regular MacStories contributor, Hip-Hop junkie all day long; Apple addict circa 1976.