Young Kingdom

The much awaited Apple iPad is still to be waited for at least a month for Apple fans living outside of the U.S. Apple announced that the sell of iPad overseas would be delayed by one month because of unexpectedly demand in the U.S market. This is the perhaps first time when the company has to return back from his commitment. Apple is known for its controlled and strong decisions about their products and launches.

Amit Jain has capitalized on that uncertainty. Jain, who owns an electronics shop in Mumbai, said he sold five 64- gigabyte iPads for 100,000 rupees ($2,250) each as of April 7 after they reached India through the so-called gray market, or unofficial distributors. That’s triple the $699 the touch-screen tablet computer retails for in the U.S.

“We have customers who are willing to buy,” said 30 year- old Jain. “So we maintain our margins.”

The much illustrious iPad has reached a record sell in U.S, 500,000 units in its first week. The device was earlier launched in this month with much fanfare.

The growing secondhand market for the product also makes the sell high. On eBay Inc. (EBAY), the lowest end iPad sells for between $600 and $1,000.