'Gold rush' for new iPhones in Hong Kong and China

Steve Williams

Site Founder, Site Owner, Administrator
From AFP

Apple's first gold-colour iPhone sold out immediately in Hong Kong and mainland China, according to reports and online buyers desperate to snap up the new status symbol.
State-run news website sh.eastday.com reported Wednesday that the gold iPhone 5S models were quickly bought up after online pre-orders began Tuesday morning.

"The Apple reservation page went down once. In forums, many people talked about how they were begging to buy the gold model," it said, adding that by 1:00 pm (0500 GMT) on Tuesday all three 5S colours in every store had been reserved.
Favoured by emperors and representing wealth and luxury in Chinese culture, gold has become a badge of the country's newly wealthy.
Pre-orders for the iPhone 5S -- also available in silver and "space grey" -- launched at 6:00 am Tuesday in both Hong Kong and mainland China.
"Right after it started, the champagne gold model was sold out," Phoenix TV -- a Hong Kong-based broadcaster with most of its audience living on the mainland -- said on its website.
It was not clear how many gold phones had been made available to pre-order.

Users on Hong Kong forums who had managed to pre-order the grey or silver version of the phone were looking to trade for a gold one.
"Do I have to wait a while for there to be more stock? From the bottom of my heart, I really want a 32 gigabyte gold iPhone," sliverfly said on Hong Kong forum Discuss.com.
Although Hong Kong resellers say demand is down for the new 5S and 5C models because they are also available on the mainland -- the first simultaneous launch to both markets -- one dealer told AFP that the gold phones could still resell at a profit.

"Gold represents you are actually holding a new phone," said Lau Chi-kong of G-world Mobile in the commercial district of Mong Kok.
"There will be (a margin) of a few hundred dollars to a thousand (Hong Kong dollars)".
Another told Hong Kong newspaper Apple Daily that the gold iPhones could sell for at least HK$8,000 ($1,000), an HK$2,000 mark-up on the official price.
There are also rumours on some mainland Chinese technology websites about the possibility of a new gold-colour iPad.
Apple's Hong Kong website on Wednesday took down the link to the 5S pre-order page, saying reservations would resume on September 21.
The company brought in the pre-order system in Hong Kong after chaos at the iPhone 4S launch in 2011, where hundreds queued for days to buy a phone from the city's flagship store and resellers crowded the area.
And in January last year Apple suspended sales of the 4s at its China stores after fans desperate to get their hands on it fought with security and threw eggs at an official outlet.
 

Phelonious Ponk

New Member
Jun 30, 2010
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From AFP

Apple's first gold-colour iPhone sold out immediately in Hong Kong and mainland China, according to reports and online buyers desperate to snap up the new status symbol.
State-run news website sh.eastday.com reported Wednesday that the gold iPhone 5S models were quickly bought up after online pre-orders began Tuesday morning.

"The Apple reservation page went down once. In forums, many people talked about how they were begging to buy the gold model," it said, adding that by 1:00 pm (0500 GMT) on Tuesday all three 5S colours in every store had been reserved.
Favoured by emperors and representing wealth and luxury in Chinese culture, gold has become a badge of the country's newly wealthy.
Pre-orders for the iPhone 5S -- also available in silver and "space grey" -- launched at 6:00 am Tuesday in both Hong Kong and mainland China.
"Right after it started, the champagne gold model was sold out," Phoenix TV -- a Hong Kong-based broadcaster with most of its audience living on the mainland -- said on its website.
It was not clear how many gold phones had been made available to pre-order.

Users on Hong Kong forums who had managed to pre-order the grey or silver version of the phone were looking to trade for a gold one.
"Do I have to wait a while for there to be more stock? From the bottom of my heart, I really want a 32 gigabyte gold iPhone," sliverfly said on Hong Kong forum Discuss.com.
Although Hong Kong resellers say demand is down for the new 5S and 5C models because they are also available on the mainland -- the first simultaneous launch to both markets -- one dealer told AFP that the gold phones could still resell at a profit.

"Gold represents you are actually holding a new phone," said Lau Chi-kong of G-world Mobile in the commercial district of Mong Kok.
"There will be (a margin) of a few hundred dollars to a thousand (Hong Kong dollars)".
Another told Hong Kong newspaper Apple Daily that the gold iPhones could sell for at least HK$8,000 ($1,000), an HK$2,000 mark-up on the official price.
There are also rumours on some mainland Chinese technology websites about the possibility of a new gold-colour iPad.
Apple's Hong Kong website on Wednesday took down the link to the 5S pre-order page, saying reservations would resume on September 21.
The company brought in the pre-order system in Hong Kong after chaos at the iPhone 4S launch in 2011, where hundreds queued for days to buy a phone from the city's flagship store and resellers crowded the area.
And in January last year Apple suspended sales of the 4s at its China stores after fans desperate to get their hands on it fought with security and threw eggs at an official outlet.

Alert the media. New iPhone a flop in the land of Samsung. :)

Tim
 

rblnr

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May 3, 2010
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Reviews in the US press have been stellar. Looking forward to iOS7 later today.
 

JackD201

WBF Founding Member
Apr 20, 2010
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Looks like Bob called the stock right. Shoulda shorted Bob, shoulda shorted!
 

Phelonious Ponk

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Jun 30, 2010
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I keep wondering if it's tme to sell; I keep struggling with it. I keep holding.

Tim
 

rblnr

Member Sponsor & WBF Founding Member
May 3, 2010
2,151
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Looks like Bob called the stock right. Shoulda shorted Bob, shoulda shorted!

LOL. It's the same pattern virtually every year on the stock before and after announcement time.

Will be interesting to see what the 5c numbers have been thus far, as well as carrier comments and shipping news. UPS made a very positive comment about initial shipments of the 5 last year, it was an early indicator of a very successful product.
 

rblnr

Member Sponsor & WBF Founding Member
May 3, 2010
2,151
292
1,670
NYC/NJ
I keep wondering if it's tme to sell; I keep struggling with it. I keep holding.

Tim


I think at worst it's transited from a great growth stock to a great value stock. I'm holding anyway.
 

Steve Williams

Site Founder, Site Owner, Administrator
I think at worst it's transited from a great growth stock to a great value stock. I'm holding anyway.

me too Bob

I've owned mine for ~20 years so you can imagine what I bought it for
 

rblnr

Member Sponsor & WBF Founding Member
May 3, 2010
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Phelonious Ponk

New Member
Jun 30, 2010
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me too Bob

I've owned mine for ~20 years so you can imagine what I bought it for

Yeah, I don't have a lot, but I've had it for a long time. I could join y'all in the high end with the gains. :)

Tim
 

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