The iPad 2 is already on retail shelves in Singapore, mere days after its US launch last Friday. A quick check with shops in Lucky Plaza and Sim Lim Square today found at least 13 places selling the device.
The cheapest price we found for the 16GB WiFi-only iPad 2 was S$1,150, a mark-up of 65 percent compared to buying it in New York City, where the sales tax is 8.875 percent. The cheapest 32GB WiFi-only device was S$1,300, which is 56 percent more than buying it from the Fifth Avenue Apple Store.
The check also showed that while the WiFi version is readily available, the WiFi + 3G is extremely scarce. We only managed to find one shop selling the WiFi+3G version.
The store, in Lucky Plaza, was offering to sell the 64GB version for S$2,800 and the 32GB version for S$2,500. Since Apple is selling these for US$829 (S$1,058) and US$729 (S$931), this is a mark-up of 143 percent and 146 percent respectively, compared to buying it in NYC. (Of course, this was the shop's opening offer. After bargaining, it would probably be a couple of hundred dollars cheaper.)
According to the friendly sales guy, the shop actually sold a 32GB WiFi+3G set to a customer for an eye-popping S$3,900. The customer was willing to pay a significant premium just so he could get it two days after the launch.
So bad news if you want to get your hands on a 3G version of an iPad 2 now. The good news though is that the WiFi version is not hard to find. Many of the shops have the iPad 2 in their display case.
At Lucky Plaza, most places were selling the 16GB version for between S$1,240 and S$1,450. Retailers were asking for S$1,590 and up for the 32GB version.
Over at Sim Lim Square, the 16GB WiFi version is going for between S$1,150 and S$1,390. The 32GB version is being sold for between S$1,300 and S$1,690. (Note that all prices are the retailer's opening price.)
Mustafa Centre currently does not have the iPad 2.
Apple launched the iPad 2 in the US on Mar 11 and will launch the device in selected countries around the world on Mar 25. Apple has not announced when the device will be launched in Singapore. Japan, Australia and New Zealand were the only countries in the Asia Pacific scheduled to get the iPad 2 at the international launch next week. However, Apple has postponed the Japanese launch to focus on recovering from the disaster following the earthquake and tsunami.
Price comparison between Apple's prices and street prices in Singapore
16 GB WiFi version
Apple's price (before sales tax): US$499 (S$637)
Price in Singapore: Between S$1,150 and S$1,450
32GB WiFi version
Apple's price (before sales tax): US$599 (S$765)
Price in Singapore: Between S$1,300 and S$1,800
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