
Hong Kong's iPhone 'gray market' —
The Apple Store in the city's International Finance Center is jammed with customers, even on a weekday afternoon.

Hong Kong's iPhone 'gray market' —
New phones are not in short supply. This seller even has a couple of LG phones for sale.

Hong Kong's iPhone 'gray market' —
Resellers sit on cheap plastic chairs with their open suitcases beside them, stacked up with white boxes.

Hong Kong's iPhone 'gray market' —
Different models of the new iPhone 6 and 6 Plus are on sale outside the Apple Store.

Hong Kong's iPhone 'gray market' —
There are also secondary iPhone buyers, who will pay cash for old phones.

Hong Kong's iPhone 'gray market' —
What they're doing isn't illegal, the police say. It's just consumer-to-consumer aftermarket sales.

Hong Kong's iPhone 'gray market' —
It's a risk to buy a phone from a reseller; if it wasn't originally purchased in the city, it won't be covered by warranty here.

Hong Kong's iPhone 'gray market' —
Most of the iPhone flippers have handwritten signs with the phones they have available.

Hong Kong's iPhone 'gray market' —
Apple's security are powerless to stop the resellers, camped right outside the Apple Store's front door.

Hong Kong's iPhone 'gray market' —
Apple customers have to pick their way through the 30 or so resellers who are lining the sidewalk directly outside the Apple Store's glass doors.

Hong Kong's iPhone 'gray market' —
Customers who make a daily quota can line up to get their allotted purchases.

Hong Kong's iPhone 'gray market' —
Apple has three retail locations in Hong Kong, including in the busy shopping district of Causeway Bay.

Hong Kong's iPhone 'gray market' —
Resellers can charge a significant markup to impatient Apple fans who haven't made it onto the day's official quota.


