距離蘋果（Apple）官方正式開始預定iPhone 5C已經過去四天了，目前這款手機貨源充足，各種顏色和配置均可預定，除了最貴的一款：起售價高達549美元的T-Mobile無鎖版。

為什么T-Mobile版會姍姍來遲呢？

原因很簡單：絕大部分無鎖版iPhone最終都流向了美國境外的黑市。

其中最大的黑市可能要數中國。

無鎖版iPhone 5C在美國售價為549美元，但由于雁過拔毛的國內稅收和進口關稅，它在中國大陸的售價高達4488人民幣，約合731美元。181美元（33%）的差價蘊含著極大的商機，無數黃牛黨都在絞盡腦汁以獲得低價iPhone 5C從而逃避中國稅收。

當然，有些人已經得手了。

例如，《紐約時報》（New York Times）曾在去年報道過“唐人街參與iPhone 4走私”。（財富中文網）

譯者：項航

Four days after Apple (AAPL) began taking pre-orders for the new iPhone 5C, the device is available in all colors and configurations except for the most expensive: the T-Mobile and SIM-free models that start at $549.

Why would that be?

It's simple, really. A lot of those unlocked phones are headed for overseas grey markets.

And the biggest grey market of all is China.

Thanks to various taxes and import fees, the unlocked iPhone 5C that Apple sells for $549 in New York sells for 4,488 yuan or $731 in Beijing. That $181 (33%) price differential creates a market opportunity for anyone who can find a low-cost way around those taxes and import fees.

And you can bet that somebody already has.

See, for example, the New York Times' report on the Chinatown connection.