Tuesday, October 28, 2008

G1 "pouring in China" with sky-high prices

Illegal G1s have been literally "pouring into China" since the US release, with dubious sellers speculating on expensive prices.

According to mocoNews, a G1 goes for more than 3,999 Chinese yuan (over $580, more than three times the US official price) and to this, you have to add a $70 unlocking fee. Of course none of this is official and is similar to what happened with the iPhone after its US release. iPhones were shipped all around the world at ridiculously high prices, sometimes reaching $2000.

The prices should not hit such crazy numbers, thanks to high supply level but when a popular desirable product is out, you'll always have people ready to bank on it.

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