Here in the US, one of the things that the iPad is given high marks for is its relatively affordable price (compared to other Apple products). That's not exactly the case in markets where the device hasn't launched yet.
BusinessWeek has found an electronics store owner in Mumbai who was able to get his hands on a handful of iPads to start selling them on April 7th.
The 30-year-old Amit Jain had no trouble selling five 64GB iPads for 100,000 rupees. That's more than $2,250. "We have customers who are willing to buy. So we maintain our margins," he said.
It's costly to import the device, especially since Apple won't ship them to overseas locations and there are no distributors in sight.
BusinessWeek also found a 25-year-old Australian guy who spent $2,300 to travel to New York and buy 20 iPads for him and his friends. "Any sane, rational person shouldn’t do it," he said. But then again, we know most Apple fanatics are neither sane nor rational.
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