Apple’s iPhone X has turned out to be quite an in-demand item. It sets you back around a thousand bucks if not more. As I have learned, there was particular demand in Hong Kong, far exceeding supply. Thus, some people bought as many of those phones as they could — and resold them on the street for profit. Here is a picture that was posted on ZeroHedge some time ago, but without a copyright notice, so I’m claiming ‘fair use’:
That picture shows a reseller who absent-mindedly types on his phone while potential customers gather around his table. Do you notice something? Asked differently: do you notice the absence of something? Exactly! There is no security. There are no fences, nothing. Instead, that guy puts phones of a retail value of tens of thousands of dollars on his table and he is not afraid that someone would just grab one of those boxed phones and run off with it — or knock out that guy and take all his inventory. In Hong Kong, there is apparently no need to be afraid of getting robbed or having expensive items stolen. This also reflects what I have heard of other parts of Asia, at least those that belong to the first world.
In comparison, in most cities in the West things are much different. Can you imagine someone in most parts of New York City or Los Angeles, putting product worth significantly more than the average person’s yearly income on display and being seen handling large amounts of cash? (I assume that seller does not take credit cards.) Before you knew it, Tyrone and Jamal would show up, knock him out, and bag all his phones.
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