iPad 2 Enters Hong Kong But Price is Doubled

Steve Jobs announced the availability of iPad 2 from March 25th onwards for countries other than USA during the launch event in San Francisco. MIC Gadget is reporting that the Grey market of Hong Kong is already flooded with iPad 2 and you need to shell out US $1525 for iPad 2 3G (64GB Model).

Retailers in Hong Kong’s Sin Tat Plaza (aka Mobile Phone Mall) bring the latest Apple products like iPad 2, to early adopters by importing them from US to churn out maximum profit.

Mr Lo with White iPad 2

One of the retailers, Mr. Lo, has already received 200 orders before the launch, and he even managed to procure the second generation iPad 2 on time for his loyal customers. See the pictures below where he is preparing to distribute the iPad 2s to pre-ordered customers, after the luggage of iPad 2s arrived in his store.

iPad 2 with Wi-Fi (Black)
16GB: HKD$7,980 (about $1025)
32GB: HKD$8,980 (about $1153)
64GB: HKD$9,980 (about $1280)

iPad 2 with Wi-Fi + 3G (Black)
16GB: HKD$9,680 (about $1243)
32GB: HKD$10,680 (about $1371)
64GB: HKD$11,880 (about $1525)

For white iPad model, you need to shell out around $250 more. Smartcovers are available fore $100 (Polyurethane) and $164(Leather) and HDMI Adapter will cost you around $75 only. When asked why customers are willing to pay higher for an iPad 2, he replied:

Apple fanboys are willing to pay our prices to have the iPad 2 earlier. That’s how we earn money.

Interestingly, Mr. Lo is the only retailer distributing iPad 2 at this time. If you are in Hong Kong, feel free to visit Mr. Lo’s store, G-World Mobile, located at: F56, 1/F, Sin Tat Plaza, 83 Argyle Street, Mong Kok, Hong Kong Meanwhile, feast your eyes on the video below: