01-13-2015, 11:34 AM
Hong Kong Smuggler Gets Caught in the Ringer
iPhones are extremely popular in China. After import taxes, they sell for about $1,000 USD retail. Hong Kong's import taxes are lower and iPhones there can be purchased retail for about $820 USD.
So, an enterprising Hong Kongese smuggler decided to sneak a bunch of iPhones into China, sell them at lower than Chinese retail prices, and pocket the profits.
Despite his clever plan, the smuggler was caught by airport security and arrested. He aroused security's suspicions because he was walking as if he was carrying something extremely heavy, but was carrying very light bags. When he was put through the metal detector, the jig was up.
![[Image: 94iphones1-624x351.jpg]](http://stech2.firstpost.com/tech2images/640x359/proportional/jpeg/2015/01/94iphones1-624x351.jpg)
iPhones are extremely popular in China. After import taxes, they sell for about $1,000 USD retail. Hong Kong's import taxes are lower and iPhones there can be purchased retail for about $820 USD.
So, an enterprising Hong Kongese smuggler decided to sneak a bunch of iPhones into China, sell them at lower than Chinese retail prices, and pocket the profits.
Despite his clever plan, the smuggler was caught by airport security and arrested. He aroused security's suspicions because he was walking as if he was carrying something extremely heavy, but was carrying very light bags. When he was put through the metal detector, the jig was up.