Today, it was Hong Kong’s turn to scramble for the new iPhone 4S. Thousands of people lined up outside the new flagship store.

Like a rock concert with crazed fans, the iPhone 4S launch attracted a hoard of people that needed to be controlled by police. There are some reports saying that a gang of professional scalpers from Southern Asia, threatened locals for a prime position in the queue or to just leave.

The 16Gb is selling for HK$5,088 or 4,151 RMB, 32Gb for HK$5,888 or 4,800 RMB and the 64Gb for HK$6,688 5,400 RMB. Hong Kong is one of the cheapest places to get Apple products. As a comparison, the 16Gb is selling for AUD$7,99 in Australia or 5,133 RMB, about 1,000 RMB more! Of course people looking to take advantage of pent up demand have started to sell the iPhone 4S in the mainland on Taobao. The cheapest I could find was 4,988 RMB.

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Jason Lim

Jason is an Australian born Chinese living in Beijing, specializing in entrepreneurship, start-ups and the investment eco-system in China, especially in the tech and social area.