Grey Market begins sale of ipads in China

The Grey market started selling imported ipads at the start of this week.

The mainland china and Hong Kong have vibrant grey market where by consumer can buy parallel imports-shipments of legitimate goods not intended for that market-of most foreign goods products.When iphone parallel import started in

HongKong - in 2007 it was more than doubled than the then US retail price ($US 1300). But due to weaker demand and parallel import ipad is expected to be available in HongKong at lower price.One of the most popular grey market in Hong Kong selling 16 GB ipad -the cheapest model for about HK$5,900 (US$760) a premium of just over a half the US price of $500.The 32GB model sells about HK $7000 and the largest 64GB model cost about HK$12000, both selling roughly a $300 premium over US retail price. One major drawback for the HKG consumer is that ipad users can only input simplified Chinese characters instead of the complex versions of Chinese characters used in Hong
Kong and Taiwan.