Apple iPad Going Like Hot Cakes Overseas

The iPad numbers are growing, and with the reviews explaining why that's happening, we completely understand. And if the recent reports of the tablets being sold out at Best Buys are any indication of what's really happening out there, then this story from CNN about the iPad selling for oodles and oodles of money is no surprise to us. It's not like it's the first time, either. When there's barely any stock, especially of an Apple product, then the demand goes out of this world. And with it, the price people are willing to pay.

This report tells a nice little story, really. It's about a group of Hong Kong residents who devised a great idea: fly to the United States, find those scarce iPads, buy them all up (which consisted of 200 units), and then return to Hong Kong and sell them for a remarkable amount of price. These WiFi-only models, which sell for $499 here locally, went for a resounding $800 per unit in Hong Kong, which, obviously, makes for a very nice return.

Is this a bad thing? No, not really. Is it ethical? That would be the big question, now would it? We're sure that Apple probably has their own opinion on the matter, but we're willing to bet the people making money on this little ordeal don't care what the Cupertino-based company has to say. Has anyone out there done the same thing? Even if you didn't fly across an ocean to do it.

[via CrunchGear]