This Photo Shows iPhone X Resellers Are Already Flipping Their Phones for Profit
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It’s only Day One, but the gray market trade in Apple Inc.’s new iPhone is already in full swing in Hong Kong.
About a dozen card tables and Styrofoam boxes had been set up along Argyle Street in Mong Kok, one of the city’s busiest shopping areas, on Friday morning.
Manned by touts surrounded by piles of Apple’s 10th anniversary smartphone, they were mobbed by shoppers -- many of them reselling iPhone Xs bought earlier at one of Apple’s six official stores in Hong Kong.