China's iPhone 4 Shortage Keeps Grey Market Lively

A shortage of Apple's iPhone 4, newly introduced in China, is fueling a grey market for imported phones and anger among genuine customers plagued by scalpers, hoping to sell the phones on for profit.

According to AFP, Apple was forced to temporarily close one of its stores in Beijing after arguments broke out between scalpers and Apple store customers frustrated and disappointed at missing out on the handsets.

Scalpers have been reportedly charging an additional 300-600 Yuan ($45-90/£28-£56) to those desperate to get their hands on Apple's latest iPhone.

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