iPhone 6 Lines: Chinese Black Market Takes Over

Agreeing with Stu Maschwitz, John Gruber makes a good point:

Count me with Stu Maschwitz: this film is pointless, and I think more than a little racist. When you can wait in line, pay $1000 for a new 6 Plus, then walk out of the store and resell it immediately for $1500 or more, that’s going to attract people who want to buy them for no reason other than to flip them. And I guarantee you not everyone waiting in line (or as they say in New York, on line) Friday morning to buy new iPhones just to flip them was Asian. And if the going rate in mainland China is over $2,500, as Quartz is reporting, then [it] makes all the more sense, simply as capitalism at work, that many of the line-waiters are Chinese-Americans looking to turn a profit.

The title should have been “Chinese Gray Market Takes Over”. In the video by Casey Neistat there is nothing illegal going on. Shady yes, illegal no.