Spotted just this morning are a couple of new iPad 2’s being sold at local store, InfoMaxx Megamall. Their grey market price — a cool Php36,500 a pop for a 16GB WiFi model.
There’s been a really short supply of iPad 2 nowadays and even the Apple Online Store is delaying shipments by as much as 4 to 5 weeks from date order.
The entry level iPad 2 retails for $499 (might go for Php23,999 when it officially arrives in the Philippines). The Php36,500 price is primarily driven by low supply and huge demand.
Anybody will to pay premium price just to get your hands on the first few iPad 2 in the Philippines?