Unlocked iPhones Are Hard Currency in Brazil, Italy, Other Countries

“Lining up inside the Apple Store on Fifth Avenue, I was surrounded by shoppers speaking languages from around the world. The salesman looked stunned when I said I wanted an unlocked iPhone. Just one?  A new shipment of unlocked 5s phones had just come in, he said, adding that the gold model I asked for was the most popular in Europe and the easiest to resell. To my right, a man with a credit card from a Saudi bank was trying to buy his third and fourth phones of the day. ‘Make it two,’ I said. There was one more step: The salesman grabbed a landline from behind the counter to connect me with my bank’s antifraud department. Purchases from this store, he said, are red flags.”

http://www.businessweek.com/articles/2014-02-06/unlocked-iphones-are-hard-currency-in-brazil-italy-other-countries

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