Bangkok (dpa) – Demand for Apple’s new iPhone 6 has pushed up the price in Thailand, where it has yet to be officially released, fuelling a “grey market” for phones smuggled from Hong Kong and Singapore, reports said Sunday.
The iPhone 6 went on sale September 19 in nine countries. Several more countries, not including Thailand, were added Friday.
Thai consumers unwilling to wait for the latest model to go on sale at official Apple dealers are paying double or more to local sellers.
Among the first to get his hands on the high-end iPhone 6 Plus model was a businessman who visited Bangkok’s MBK shopping centre and paid 100,000 baht ($3,125), according to the Bangkok Post.
The man was reportedly willing to pay well over two times Apple’s retail price because of his “anxiety” about getting the phone quickly.
Apple has yet to announce when the phones will be officially available at its Thailand stores, but it is expected to be before the end of the year.