You may have noticed, as you were queuing for your shiny new iPad 2 over the weekend, that you were surrounded by rather a lot of people of a foreign persuasion. There is, it turns out, a reason for this -- the gray market in selling iPad 2s abroad.
Because the latest magical product from Apple came out in the US first, a couple of weeks ahead of the rest of the world, foreign dealers were keen to scoop up as many as they could and quickly ship them overseas to make a killing. M.I.C. Gadget has done an interesting analysis of how the process works.
Hong Kong vendors are making a killing -- bottom-of-the-line 16 GB Wi-Fi models sell for over US$1,000, which
