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This article was published on November 12, 2011

Watch the Hong Kong launch of the iPhone 4S get owned by scalpers

Watch the Hong Kong launch of the iPhone 4S get owned by scalpers
Matthew Panzarino
Story by

Matthew Panzarino

Matthew Panzarino was Managing Editor at TNW. He's no longer with the company, but you can follow him on Twitter. Matthew Panzarino was Managing Editor at TNW. He's no longer with the company, but you can follow him on Twitter.

So, you’re an Apple fan living in Hong Kong and you thought you’d mosey on down to your local Apple store and snag yourself one on opening day right? Turns out it was a bit more difficult than that and not just because the lines were long.

Instead, the launch was dominated by scalpers who bought up nearly every phone available and resold them at a profit like a boss. We reported on the madness earlier this morning. But this new video from MIC Gadget really gives you a nice overview of the scene as it went down.

http://www.youtube.com/watch?v=bDKfUBus2L0

Once the scalpers had obtained their wares, they were marking the 16GB models up to HK$ 6200 ($796), a markup of HK$1,112 ($143), not bad for a couple of hours work.

Were you at the launch of the iPhone 4S in Hong Kong? Was it as crazy as it looks in the video?