Tough times in the U.S.-China iPad smuggling game - Yahoo! News Singapore

Tough times in the U.S.-China iPad smuggling game - Yahoo! News Singapore

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  1. Demand for Apple products, coupled with severe constraints on local supply, has created a thriving black market. A 16-gigabyte iPad bought in San Francisco for $499 -- about $540 including tax -- can be sold for more than $1,000 in Shanghai the next day. Apple sold more than 3 million of the devices -- which now come 4G-ready with a sharper "retina" display -- in its first weekend.

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