Apple Watch UAE price dive does not signal hard launch: JadoPado

Normalised prices represent ‘natural competition’ in grey market, e-retailer’s CEO tells ITP.net

Tags: Apple IncorporatedJadoPado (www.jadopado.com)United Arab Emirates
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Apple Watch UAE price dive does not signal hard launch: JadoPado Some UAE grey market importers are selling Apple Watch models cheaper than corresponding devices on international Apple Store websites. (Justin Sullivan/Getty Images)
By  Stephen McBride Published  June 21, 2015

The recent nosedive in Apple Watch grey-market prices in the UAE is a sign of "natural competition" rather than an indication of overstock or an imminent official launch of the Cupertino company's wearable device, online marketplace JadoPado told ITP.net.

ANALYSIS: UAE grey-market prices dive for Apple Watch

GALLERY: Things you should know about Apple Watch before buying

GALLERY: Apple Watch specs and features

Last week ITP.net conducted a pricing analysis on six Apple Watch models offered on JadoPado and found mark-ups to be about one tenth of what they were just two months ago. Some models were even cheaper than corresponding devices on the UK Apple Store website. At the end of April, third-party merchants selling on JadoPado were pricing the Apple Watch with premiums as high as 258%, but on Thursday that figure was, on average, 29%.

ANALYSIS: UAE grey-market prices dive for Apple Watch

GALLERY: Things you should know about Apple Watch before buying

GALLERY: Apple Watch specs and features

Despite hinting that he believed a regional hard launch for the Apple Watch "should be happening pretty soon", Omar Kassim, chief executive officer of JadoPado, said that anxiety among grey merchants of official availability had not played a part in dropping price tags.

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