, September 11, 2013
A journalist tests the the new iPhone 5S Touch ID fingerprint recognition feature at Apple Inc's announcement event in Beijing, on September 11. Apple Inc's millions of Chinese fans will celebrate the near-simultaneous launch of the latest iPhone in China and the United States, but one group will have little to cheer - the smugglers.
An early launch of Apple's latest smartphone in China is expected to stifle a thriving grey market worth billions of dollars a year built around smuggling from Hong Kong, where in the past the U.S. tech giant's gadgets have gone on sale months before they reach official channels in the mainland. Reuters/Jason Lee