iPad 2 Sells Out In China In Less Than Four Hours

Cult of Mac
Leander Kahney

Photo by MIC Gadget: http://www.flickr.com/photos/micgadget/5692949614/sizes/z/in/photostream/

The iPad 2 came to China this morning and sold out in less than 4 hours, according to our friends at M.I.C. Gadget.

Apple’s flagship store in Beijing attracted a massive crowd of customers and scalpers, who started lining up at 5 p.m. on Thursday. Overnight customers were treated well: there was a special waiting room for them to sleep in, and everyone got a wristband, allowing them to leave the line for an hour and return to their place in line.

There was even a special section for scalpers, who set up shop behind a barrier. Here’s the details:

MIC Gadget: “This big yellow board says that this district forbids scalpers to sell stuff to customers… Behind the yellow board, it’s a special zone for scalpers to gather around.”

MIC Gadget: “Scalpers will sell the iPad 2 outside the Apple Store for a markup of just 200-400 yuan ($30-60) For those customers who failed to get one from the store, some of them may buy it from the scalpers.”

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