Printer Friendly

iPhone unlockers see windfall after iPhone 6.

TELECOMWORLDWIRE-September 22, 2014-iPhone unlockers see windfall after iPhone 6

(C)1994-2014 M2 COMMUNICATIONS http://www.m2.com

Demand is sky high for the just-released Apple's (NASDAQ: AAPL) and "grey market" firms that unlock mobile phones are doing a brisk business in the US as customers scramble to find trade-ins for the new device according to the iPhone Unlock Guys.

Third party unlockers are amassing record profits in a lucrative industry that is shrouded in mystery and conducted in an underground virtual bazaar and hidden underworld, the firm said.

While the size of the mobile phone unlock industry is hard to gauge due to its long time secrecy and grey market status, especially in the US, the firm estimates it to be upwards of 2bn annually.

Customers need to unlock their phones with third party unlockers for a variety of reasons- travel overseas and use of local carrier SIM cards, cutting out exorbitant carrier roaming fees; or switching to another carrier or pay as you go plan.

Unlocked phones can be used internationally by inserting any compatible SIM card, and command greater resale value.Many consumers are taking advantage of trade-in deals with carriers, Apple, and large electronics trade-in dealers like Gazelle, uSell, and iCracked.

Others looking to get the most cash for their old devices are selling them on Craigslist and eBay.

Gazelle for example, is offering up to USD 325 for an unlocked 64 GB iPhone 5S in mint condition.

The most popular unlocks are AT&T iPhone unlocks and the newly introduced iCloud bypass unlocks, which remove iCloud locks on iOS 7 devices including iPhones, iPads, and iPod Touch models.

Mobile phone unlocking has long been a grey area legally in the US, with the Library of Congress banning unlocks after Jan.26, 2013 after refusing to grant a DMCA exemption.

Mobile phone unlocking is now completely legal, after president Obama signed into law the Unlocking Consumer Choice and Wireless Competition Act in July, allowing consumers to unlock their devices and allowing bulk unlocks of devices.

With the release of the iPhone 6, the excitement in the unlock community is palpable, and the firm expects even more business in the months ahead as consumers unlock their new iPhone 6.

Find out more at www.iphoneunlockguys.com.

((Comments on this story may be sent to tww.feedback@m2.com))

COPYRIGHT 2014 Normans Media Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2014 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Telecomworldwire
Date:Sep 22, 2014
Words:390
Previous Article:Report looks at India Smartphone market.
Next Article:Friendly Technologies launches Monitoring Pro solution.
Topics:

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters