Early China iPhone launch gives smugglers a run for their money

A woman tries the silver colored version of the new iPhone 5S after Apple Inc's media event in CupertinoBy Yimou Lee and Lee Chyen Yee HONG KONG (Reuters) – Apple Inc's millions of Chinese fans will celebrate the near-simultaneous launch of the latest iPhone in China and the United States, but one group will have little to cheer – the smugglers. An early launch of Apple's latest smartphone in China is expected to stifle a thriving grey market worth billions of dollars a year built around smuggling from Hong Kong, where in the past the U.S. tech giant's gadgets have gone on sale months before they reach official channels in the mainland. …

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